Catl shares surge 18% in Hong Kong IPO

Contemporary Amperex Technology Ltd. (CATL) — the world’s largest maker of batteries for electric vehicles, saw its shares surge as much as 18% on its first day of trading in Hong Kong. The company raised $4.6 billion in the year’s biggest initial public offering (IPO). CATL — shares opened at 296 Hong Kong dollars ($37.8), above the subscription price of 263 Hong Kong dollars ($33.6). According to Refinitiv data, the shares climbed to as high as 311 Hong Kong dollars during the trading day.

“CATL is not just a battery component manufacturer, but a solutions provider—and a zero-carbon technology company. I believe CATL will be a pioneer in the global zero-carbon economy.” – Robin Zeng, Chairman & CEO at CATL.

On May 20, CATL was officially listed on the Hong Kong… pic.twitter.com/fHohYzOSI8

— CATL (@catl_official) May 20, 2025

At a Hong Kong Stock Exchange listing ceremony, CATL founder and chairman Robin Zeng emphasized the company’s continued global integration. The Hong Kong stock listing signifies our deeper integration into the global capital markets,” Zeng said. CATL supplies major electric vehicle manufacturers, including Volkswagen, Stellantis, and BMW. Overseas sales accounted for over 30% of its revenue last year.

On May 20, CATL (https://t.co/rF6adfyFuB) was officially listed on the Hong Kong Stock Exchange, marking a major milestone in its “A+H” dual-listing strategy and global development efforts.

Completed in just 128 days, the IPO attracted long-term institutional investors and funds… pic.twitter.com/tkDNNanTzD

— CATL (@catl_official) May 20, 2025

The Chinese state-run newspaper National Business Daily commented that the listing would provide a necessary capital boost for CATL’s international expansion amid rising geopolitical risks. The Hong Kong listing will bolster the company’s foreign currency reserves, which are essential for supporting its overseas projects.

A Pentagon blacklisting, US congressional scrutiny and a global trade war haven’t been enough to stop the world’s largest maker of electric-car batteries from completing the globe’s biggest share sale so far this year
1260H listing made no sense… https://t.co/Jfye1J22TB

— Paul Triolo (@pstAsiatech) May 19, 2025

The debut comes after CATL unveiled a new battery capable of a 320-mile range on a five-minute charge, outpacing rival BYD’s technology, which offers a 250-mile range at a similar charge time. In 2024, CATL maintained its position as the world’s largest electric battery supplier for the eighth consecutive year, holding 38% of the global market. CATL operates 13 battery factories globally, including locations in China, Germany, and Hungary.

Chinese battery giant CATL went public in Hong Kong on Tuesday, and its shares surged 16% (great for everyone except the U.S. investors who were not allowed to buy any) – https://t.co/Vke9IuRdaO pic.twitter.com/7Ww41CUUS6

— Brian DeChesare (@briand_mi) May 20, 2025

Catl shares rise on Hong Kong debut.

The company is progressing on a joint venture with Stellantis in Spain to build a battery plant and has a separate battery-related project in Indonesia. Regarding ongoing US-China trade tensions, CATL admitted in its recent filing that it is difficult to predict the future of tariff policies and their potential impact on its business. The company stated it would continue to monitor developments closely. The successful listing in Hong Kong marks CATL’s second significant IPO, following a $6.7 billion IPO in Shenzhen in 2022. The company continues to pursue global expansion with notable projects, particularly in Europe.