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Date: 20-may-2025 | By: Nuztrend Team
Image By Giorno2 - Own work, CC BY-SA 4.0, Link
Contemporary Amperex Technology Co. Limited (CATL), China’s leading electric vehicle (EV) battery manufacturer, made a bold entry into the Hong Kong Stock Exchange on May 20, 2025. The IPO not only captured investor enthusiasm but officially became the largest public offering worldwide this year.
CATL’s stock opened with solid momentum, jumping up to 18.4% above its subscription price on the first day of trading. The company raised approximately $4.6 billion USD through the IPO, underscoring global confidence in CATL’s market leadership and its long-term growth outlook.
CATL plans to allocate the newly raised capital toward several international expansion projects and R&D initiatives, particularly in Europe and North America. Notably, one of the flagship investments will be a $7.9 billion USD gigafactory in Hungary to scale battery production for global EV manufacturers.
Beyond CATL’s corporate growth, this IPO is a win for the Hong Kong Stock Exchange. As financial centers worldwide vie for tech listings, CATL’s massive launch bolsters Hong Kong’s reputation as a premier destination for clean-tech and energy IPOs.
With growing demand for EVs and energy storage solutions, CATL’s expansion is expected to accelerate battery technology adoption globally. Analysts believe the listing will also rekindle IPO momentum across clean energy and tech sectors in 2025.
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Date: 20-May-2025
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Date: 20-May-2025
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