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3mo ago

CATL Raises $4.6 Billion in Hong Kong IPO, Shares Surge 12.5%

The world’s largest EV battery maker secures funding for Hungarian expansion and unveils plans for mobile charging growth through its CharGo subsidiary.

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Guests pose for photographs at the listing ceremony of Contemporary Amperex Technology Co. (CATL) in Hong Kong, Tuesday, May 20, 2025. (AP Photo/Chan Long Hei)
CATL geht in Hongkong an die Börse – jetzt wird die Aktie global
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Overview

  • CATL debuted on the Hong Kong Stock Exchange with an initial share price of HKD 263, closing its first day of trading at HKD 296, a 12.5% increase.
  • The IPO raised approximately $4.6 billion, marking the largest public offering in Hong Kong this year and signaling renewed investor confidence in the city.
  • Proceeds from the IPO will fund the construction of a new battery plant in Hungary, aimed at supplying European automakers like BMW and Mercedes-Benz.
  • CATL subsidiary CharGo announced plans to deploy up to 15,000 mobile charging units across 100 Chinese cities by 2027, with international expansion slated for 2026.
  • As the global leader in EV battery production, CATL supplies major automakers such as Tesla, Volkswagen, and Mercedes-Benz, reinforcing its dominance in the sector.