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CATL to launch at least $4 billion Hong Kong listing on Monday, sources say

  • CATL plans to raise $4 billion in a Hong Kong listing on May 20, making it the largest IPO expected in the city this year.
  • CATL produces more than a third of all electric vehicle batteries sold worldwide, working with brands like Tesla and Volkswagen.
  • Funds from the listing could support CATL's overseas expansion, including a new factory in Hungary.
  • CATL's net profit jumped 32.9 percent in the first quarter, despite a slowdown in China's EV market that affects smaller firms.
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Bloomberg broke the news in United States on Sunday, May 11, 2025.
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