China’s EV battery king CATL files Hong Kong IPO plan to fund global expansion

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At US$5 billion, the speculated jumbo deal would be the biggest since Kuaishou’s IPO in January 2021.

They have declined about 5 per cent this year, after a 68 per cent surge in 2024.“CATL has ambitions of expanding its worldwide footprint since it can chase higher profitability outside mainland China,” said Davis Zhang, a senior executive at Suzhou Hazardtex, a supplier of specialised batteries.“With production and technological advantages over their global rivals, Chinese EV players are often welcome in overseas markets to localise their research and manufacturing expertise.

The IPO size and timeline were not disclosed.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: Shares China Largest Cent Billion Chinese Draft Technology Kong Batteries Hong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 21:10:39 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 238 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26084944

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