"CATL completed a secondary listing on the Hong Kong Stock Exchange in May 2025, raising approximately $4.6 billion at HK$263 per share. Its Hong Kong-listed shares have since surged approximately 160%, reaching an all-time high of HK$701 before the placement reports began circulating on 13 April."
"The structure is a follow-on placement from CATL's own balance sheet, the company selling new shares to institutional investors to raise capital, rather than a secondary sale by existing shareholders."
"A significant portion of funds raised will be used to fund the construction of a 7.3 billion-euro battery plant in Hungary, part of its overseas manufacturing expansion to serve European automaker clients."
CATL, the largest EV battery maker, priced its Hong Kong listing at HK$263 in May 2025. The company aims to raise up to $5 billion through a share placement. Its shares previously peaked at HK$701 before placement announcements. The deal could be the largest new share sale in Hong Kong in four years. Funds raised will primarily finance a 7.3 billion-euro battery plant in Hungary. CATL's FY2025 net income increased by 42.28% year-on-year, reflecting strong financial performance.
Read at TNW | Investors-Funding
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