Beijing (Gasgoo)- On March 25, Chinese battery giant CATL announced that it had received the official filing notice from the China Securities Regulatory Commission (CSRC), granting approval for its planned listing on the Hong Kong stock market.
According to the notice, CATL intends to issue no more than 220,169,700 offshore-listed ordinary shares. Sources indicate that the company could raise at least $5 billion through this listing.
CATL initially disclosed its plans to issue H-shares and list on The Stock Exchange of Hong Kong on February 11, subsequently submitting a formal application. As outlined in its filing, the proceeds from the listing will primarily support overseas capacity expansion, international business development, and operational funding for its global strategy. A portion of the funds will be allocated to the construction of a €7.3 billion ($7.53 billion) battery plant in Hungary.
Financial data from CATL shows that in 2024, the company recorded a total revenue of 362 billion yuan, reflecting a 9.7% year-on-year decline. However, its net profit attributable to shareholders reached 50.7 billion yuan, marking a 15% increase compared to the previous year.
