CATL Lists on Hong Kong Stock Exchange to Support Global Zero-Carbon Push

Contemporary Amperex Technology Co. Ltd. (CATL), one of the world's leading battery manufacturers, began trading on the Main Board of the Hong Kong Stock Exchange (HKEX) on May 20, under stock code 3750, as part of its strategy to support the global transition to a zero-carbon economy.

The company's global offering included 135 million shares, priced at HK$263 each prior to the exercise of any over-allotment option. CATL became the first A-share listed firm to seek a secondary listing in Hong Kong with a pre-set price cap. The stock opened at HK$296 per share on its first day of trading, representing a 12.55% increase over the offering price.

The listing drew investment from a wide range of global institutions across 15 countries and regions, including sovereign wealth funds, industrial and insurance capital, long-term asset managers, and multi-strategy funds. The investor interest signals confidence in CATL's market potential and its role in the development of zero-carbon technologies.

"CATL is not just a battery component manufacturer; we are a system solution provider and are committed to becoming a zero-carbon technology company," Chairman and CEO Robin Zeng said at the listing ceremony.

The move marks a new milestone for the company's integration into global capital markets and reflects its long-term goal to drive electrification and sustainability across key industries.

CATL is investing in three main areas to advance the zero-carbon economy: transportation, electricity, and industrial decarbonization.

In transportation, CATL is developing standardized battery-swapping systems, including recent launches in China aimed at heavy-duty trucks and passenger vehicles. These systems are designed to integrate with energy networks and reduce carbon emissions across the full battery lifecycle.

In the power sector, CATL is focusing on zero-carbon grid technologies such as power electronics and virtual power plants. These innovations are intended to support grid resilience and meet rising global electricity demands, which BloombergNEF forecasts will grow by 75% by 2050.

In industrial sectors, CATL is promoting decarbonization through integrated solutions for industries such as steel and cement, while also advancing carbon-neutral manufacturing at its own facilities.

As part of its broader sustainability commitment, CATL is set to release details in June about its Global Energy Circularity Commitment, a new initiative to build a circular economy in partnership with companies across multiple industries.

Over the past decade, CATL has invested more than RMB 70 billion (approximately USD 10 billion) in research and development and holds over 43,000 global patents. The company operates six global R&D centers and has led the industry in new patent filings for five consecutive years.

CATL said its listing in Hong Kong will support its production expansion, supplier development, and recruitment efforts, while strengthening collaboration with international partners.

The company plans to continue investing in innovation to support the global shift toward a low-carbon future.

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