Shares in CATL, the world’s largest maker of batteries for electric vehicles, jumped more than 16% Tuesday in its Hong Kong trading debut after it raised about $4.6 billion in the world’s largest initial public offering this year.
The solid reception for the Chinese company, Contemporary Amperex Technology Co., in Hong Kong suggests there is still an appetite among international investors for leading Chinese manufacturers despite trade tensions between Beijing and Washington.
It sold more than 135 million shares at their maximum offer price, 263 Hong Kong dollars ($33.6) each. Its shares rose after they started trading at 296 Hong Kong dollars ($37.80), 12.5% higher than their offer price. They closed 16.4% higher.
CATL also has shares listed in Shenzhen, a business hub neighbouring Hong Kong. They initially fell but then edged 1.2% higher. A supplier to automakers like Tesla, Volkswagen, BMW, Mercedes-Benz, Ford, Toyota and Honda, CATL held a nearly 38% global market share for EV batteries in 2024, its listing documents showed.
CATL sells its lithium-ion batteries to electric vehicle (EV) manufacturers, battery energy storage system (BESS) manufacturers and system integrators, as well as via its own BESS products, which are supplied to either system integrators or engineering, procurement and construction (EPC) firms.
Dr. Robin Zeng, chairman and CEO of CATL, said: “This listing signifies our deeper integration into the global capital markets and marks a new milestone in our mission to drive the global zero-carbon economy.”
This news was celebrated on LinkedIn by John H. Kwon, General Counsel at CATL, who recently acted as Chairperson of Innovatrix’s European Battery Gigafactory Summit that took place in Berlin last week.
To find out more about the latest gigafactory updates and innovations, meet with solution providers and hear talks from industry leaders, attend the 4th BATTERY GIGAFACTORY Summit USA: Advances in Planning, Engineering and Operations, taking place in Nashville, Tennessee, USA on October 28-29, 2025.
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