CATL shares jump over 18% in Hong Kong debut
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EV battery maker’s shares advance 16.4 per cent to close at HK$306.20 on the first day of trading in the city.
We start with an interview with Robin Zeng, the billionaire head of battery giant CATL, who expects China’s truck market to be 50 per cent electric by 2028. The bold prediction came as CATL shares surged 16 per cent on their debut in Hong Kong yesterday, in the biggest listing of the year.
China has become a global leader in electric cars and car tech, with one of the highest personal EV adoption rates in the world. But it's also ahead of everyone else when it comes to electric heavy-duty truck sales.
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Shares of Contemporary Amperex Technology Co., or CATL, soared more than 16% in their Hong Kong trading debut Tuesday after the Chinese electric vehicle battery maker raised more than $4.5 billion in the world's largest listing this year.
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France 24 on MSNCATL, China's global battery champion with risk-taker at the helmBEIJING: Chinese battery giant CATL, which soared on its Hong Kong debut Tuesday (May 20), is a domestic success story with a risk-taking founder and global ambitions - but has found itself in the cro
Shares in China’s Contemporary Amperex Technology (CATL), the world’s largest electric vehicle battery maker, have surged as much as 18% on its first day of trading in Hong Kong, shrugging off geopolitical uncertainties.
“This year, all CATL battery factories will achieve carbon neutrality,” Robin Zeng Yuqun, founder and chairman, said before the company’s debut on the Hong Kong stock exchange on Tuesday. “This listing signifies our deeper integration into the global capital markets and marks a new milestone in our mission to drive the global zero-carbon economy.”