CATL goes public on Hong Kong Stock Exchange

Shanghai (Gasgoo)- On May 20, CATL officially debuted on the Main Board of the Stock Exchange of Hong Kong Limited under the ticker symbol 03750.HK.

The company offered 135 million shares globally before exercising the over-allotment option, pricing them at HK$263.00 per share. This marks the first "A-share first, H-share later" listing to adopt a pricing mechanism based solely on an upper price limit, which was set with zero discount to CATL's A-share closing price on the pricing day.

The listing process was completed in just 128 days. The offering attracted sovereign wealth funds, industrial capital, long-term institutional investors, insurance funds, and multi-strategy funds from 15 countries and regions. The stock opened strongly at HK$296.00 per share, up 12.55% from the issue price.

At the listing ceremony, CATL's Chairman and CEO Robin Zeng delivered a keynote speech titled "Innovating global zero-carbon technology to drive a zero-carbon economy," highlighting CATL's strategic roadmap in global zero-carbon transportation, power, and industrial transformation.

Mr. Zeng noted that the global transportation system is undergoing a major overhaul, with new energy vehicles and battery swapping ecosystems entering a phase of rapid growth, alongside emerging sectors like low-altitude mobility and electric vessels. By 2030, annual investment in electric transportation is projected to exceed US$3 trillion.

To meet the evolving demands, CATL has built one of the most comprehensive product portfolios globally and continues to drive innovation. Through battery-swapping models centered on battery standardization and separation of vehicle and battery, CATL aims to integrate transportation and energy networks, shaping a zero-carbon ecosystem covering battery manufacturing, usage, and recycling.

He also addressed the rising importance of zero-carbon power systems, pointing out that global electricity demand is expected to surge 75% by 2050, with potential renewable energy investment exceeding US$10 trillion. In response, CATL is ramping up research into zero-carbon grid technologies including power electronics, flexible regulation, and virtual power plants, aiming to build resilient, next-generation clean power systems.

As of now, 195 countries and regions have set nationally determined contributions (NDCs) for carbon reduction, with many accelerating energy structure transitions. According to the International Energy Agency, achieving net-zero emissions will require global annual investment of US$4.5 trillion starting in 2030.

CATL said it plans to achieve carbon neutrality across all its battery plants this year, while actively exporting its technologies and solutions to support the green transformation of traditional industries such as steel, cement, and chemicals. The company is also piloting integrated zero-carbon solutions, collaborating to build zero-carbon islands, industrial parks, and demonstration cities.

In addition to driving the zero-carbon economy, CATL is committed to its sustainability. This year, it launched the "Global Energy Recycling Initiative" and plans to unveil a global vision and advocacy for the battery circular economy in June, inviting more industry partners to join its efforts.