Listing in Hong Kong means wider integration of CATL into the global capital markets, its chairman said.
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Category: HK Listing
CATL rose about 8 percent to HK$284 in Hong Kong gray market trading as of press time.
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Hesai is the second Chinese company after Pony AI to be reported this month to have confidentially filed for a Hong Kong listing.
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Pony AI could be listed in Hong Kong this year, according to Bloomberg.
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CATL's issue size adjustment option will be exercised and it will raise about HK$35.66 billion ($4.57 billion) in total.
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CATL plans to use about 90 percent of the proceeds for its project in Hungary.
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Xpeng has invited banks to pitch for a role in an IPO that could take place in Hong Kong or the US, according to Bloomberg.
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Seres achieved a net income of RMB 5.9 billion in 2024, becoming the fourth NEV maker in the world to achieve profitability.
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Seres achieved a net income of RMB 5.9 billion in 2024, becoming the fourth NEV maker in the world to achieve profitability.
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CATL received approval from the CSRC to proceed with its listing on the main board of the Hong Kong Stock Exchange.
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