Chinese battery manufacturer CATL (300750.SZ) announced on Thursday that it plans to apply for a listing in Hong Kong. The company intends to issue offshore H-shares and seek a listing on the main board of the Hong Kong Stock Exchange, according to a filing with the Shenzhen Stock Exchange.
CATL’s board has approved the plan, but it is still subject to approval from regulators, including the China Securities Regulatory Commission. Further details about the listing are yet to be finalized.
This move aims to enhance CATL’s global strategic positioning and strengthen its competitiveness. As the world’s leading battery maker, CATL holds a global market share of approximately 37% in electric vehicle batteries, according to SNE Research. The company has also seen a boost in profit growth in the third quarter, despite the ongoing price competition in China’s EV sector.
