Chinese EV Battery Giant CATL Shares Surge in Hong Kong IPO

CATL launches Hong Kong IPO to raise $4B in city’s biggest 2025 listing. The EV battery giant eyes overseas growth amid US scrutiny and China EV boom.
The headquarters building of Chinese EV battery giant CATL (Contemporary Amperex Technology Co., Limited) in Ningde, in southeast China's Fujian province on November 15, 2024. GREG BAKER / AFP

Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest EV battery manufacturer, saw its shares surge more than 16% during its debut on the Hong Kong Stock Exchange on Tuesday, following a $4.6 billion initial public offering (IPO).

The listing comes amid rising geopolitical scrutiny and strong investor demand, highlighting CATL’s strategic effort to raise capital for its global electric vehicle expansion.

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by Edwin Shri Bimo

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