CATL Plans $5 Billion Hong Kong IPO to Boost Global Expansion

The world's largest EV battery maker aims to strengthen its international presence despite geopolitical and market challenges.

CATL, the world's leading EV battery producer, has filed for a $5 billion Hong Kong listing, potentially the city's largest IPO since 2021.
Funds raised will support overseas factory construction, including projects in Hungary, Spain, and Indonesia, to expand CATL's global footprint.
The company maintains a 38% share of the global EV battery market, with its products powering one in three EVs worldwide.
CATL faces geopolitical challenges, including its recent addition to the U.S. Department of Defense's list of companies linked to China's military, which it disputes.
The IPO is part of Hong Kong's effort to revive its capital markets and attract secondary listings from major Chinese firms.