BUSINESS

CATL Plans $5 Billion Hong Kong Share Placement for Global Expansion

Published: Apr. 28, 2026 3:41 p.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

Chinese battery-maker Contemporary Amperex Technology Co. Ltd. (CATL) (300750.SZ) plans to raise HK$39.2 billion ($5 billion) through a private placement of its Hong Kong shares to fund its global expansion.

CATL said before the market opened Tuesday that it plans to place 62.4 million H shares with no fewer than six investors at HK$628.20 apiece. The placement price represents a discount of about 7% to the previous trading day’s closing price.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Save an extra $50. Introductory offer for new readers. Subscribe now.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

CATL plans HK$39.2B ($5B) raise via 62.4M H shares at HK$628.20 (7% discount).
Proceeds for global new-energy projects, zero-carbon expansion, R&D, working capital; HK stock fell 6.9% to HK$629.
Overseas expansion includes Hungary, Indonesia, Germany (profitable), Spain JV; 42.1% global EV battery share in early 2026.

AI generated, for reference only

Who’s Who

Contemporary Amperex Technology Co. Limited: Contemporary Amperex Technology Co. Limited (CATL) plans to raise HK$39.2 billion ($5B) via private placement of 62.4M H shares at HK$628.20 (7% discount) for global expansion, zero-carbon projects, R&D, and working capital. Listed in Hong Kong in May 2025. Holds 42.1% global EV battery market share (Jan-Feb 2026). Overseas plants in Hungary, Indonesia, Germany (profitable), and Spain JV. (68 words)

Stellantis N.V.: CATL has a joint venture battery plant in Spain with Stellantis N.V., scheduled to begin initial production by end-2026 and reach full capacity by 2030.

SNE Research: SNE Research, a South Korean research firm, reported that CATL accounted for 42.1% of global EV battery usage in the first two months of 2026, up 3.4 percentage points from a year earlier.

AI generated, for reference only