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Green Finance / Treasury & Capital Markets
CATL’s HK secondary listing aims to raise US$3.99 billion
Proceeds from IPO to fund construction of Chinese firm’s EV battery factory in Hungary
Leo Tang   12 May 2025
China’s Contemporary Amperex Technology Limited ( CATL ), the world’s largest battery manufacturer, which is currently listed on the Shenzhen Exchange, aims to raise via a secondary listing on the Hong Kong Stock Exchange over HK$31 billion ( US$3.99 billion ) of equity from overseas investors to support its construction of a large-scale electric vehicle ( EV ) battery factory in Hungary.
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