Catl battery prospectus

Will CATL get a secondary IPO on the Hong Kong stock exchange?

CATL, a global powerhouse in power batteries for eight years, has filed for a secondary listing on the Hong Kong Stock Exchange. The IPO aims to raise over $5 billion, marking Hong Kong’s largest public offering in four years.

Is China's 'CATL' a good stock to buy in Hong Kong?

China’s Contemporary Amperex Technology (CATL), the world’s largest producer of batteries for electric vehicles and a supplier for Tesla, has applied for a listing in Hong Kong, setting sights on one of the city’s largest stock offerings in years. The battery giant expects to raise at least $5 billion, according to Reuters.

Why did CATL announce a secondary listing in Hong Kong?

On December 26 last year, CATL unveiled plans for a secondary listing in Hong Kong, saying it was to further the company's globalization strategy and create a platform for international capital operations. CATL's batteries power 72 percent of China's high-end NEVs, and 80 percent of new energy buses, according to today's prospectus document.

How much money does CATL need to build a battery factory?

Of the 4.9 billion euro ($5.1 billion) needed for the 100 gigawatt-hours factory, CATL said in its prospectus it has spent 700 million euro so far, with the secondary listing raising the rest of the funds. The blockbuster listing comes amid rising geopolitical tensions which may endanger the battery-maker’s global expansion.

Where is CATL located?

A logo of CATL is seen in Guangzhou, Guangdong province on Nov 24, 2023. [Photo/VCG] Contemporary Amperex Technology Co Ltd, the world's largest electric vehicle battery maker, has filed for a Hong Kong listing that is likely to be the city's biggest initial public offering in four years.

Is CATL a good battery company?

In the power battery market, CATL has been the world's No. 1 in share for eight consecutive years; in the energy storage battery market, the company has been No. 1 in market share for three consecutive years.