BRIEF: CATL passes Hong Kong listing hearing

Electric vehicle (EV) battery maker Contemporary Amperex Technology Co. Ltd. (300750.SZ) passed its listing hearing with the Hong Kong Stock Exchange on Tuesday, clearing the way for what is likely to be one of the exchange’s largest new listings in years.

After passing its hearing, CATL uploaded the latest versions of its listing documents to the Hong Kong Stock Exchange website on Tuesday, including its latest financial results for the first quarter. Those results showed CATL’s revenue rose 6.2% year-on-year to 84.7 billion yuan ($11.7 billion) in the first quarter of 2025 from 79.8 billion yuan a year earlier. Its profit for the three months rose 31.9% year-on-year to 14.9 billion yuan from 11.3 billion yuan.

CATL is the world’s largest EV battery maker, and is part of a growing wave of Chinese companies listed on the domestic A-share markets in Shanghai and Shenzhen making second listings in Hong Kong to target global investors.

The company first filed for the Hong Kong listing in February but has yet to give a fundraising target. Other reports have estimated it could raise anywhere from $5 billion to as much as $7.7 billion. A figure in the upper half of that range could surpass Kuaishou’s (1024.HK) $6.2 billion IPO in 2021 to become Hong Kong’s largest new listing in recent years.

By Doug Young

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