CATL launches a $5 billion Hong Kong share placement

This article was published on April 27, 2026 CATL launches a $5 billion Hong Kong share placement The world’s largest EV battery maker priced its Hong Kong listing at HK$263 in May 2025. Its shares touched HK$701 before the placement was announced. The deal builds on a week of shareholder activity: a Sinopec unit sold $770M of CATL stock at HK$708 on 22 April; a Shenzhen block trade of 58 million A-shares at a 5.1% discount completed the same week, 1.1x oversubscribed. CATL (Contemporary Amperex Technology Co. Ltd.), the world’s largest manufacturer of electric vehicle batteries, is seeking to raise up to $5 billion through a share placement in Hong Kong, with the bookbuilding process now launched and terms being communicated to investors. The deal, if completed at full size, would be the largest new share sale in Hong Kong in approximately four years, since Kuaishou Technology raised $6.2 billion in its 2021 initial public offering. CATL completed a secondary listing on the Hong Kong Stock Exchange in May 2025, raising approximately $4.6 billion at HK$263 per share. Its Hong Kong-listed shares have since surged approximately 160%, reaching an all-time high of HK$701 before the pla