CATL exhibition stand at WFES 2026Image: CATLJust last year, CATL raised the equivalent of around €4.1 billion euros during its initial public offering on the Hong Kong Stock Exchange. Now, the battery manufacturer has secured an additional 39.2 billion Hong Kong dollars (approx. €4.3 billion euros) by placing new H-shares. The placement price of 628.20 Hong Kong dollars per share was around seven per cent below Monday’s closing price of 675.50 Hong Kong dollars.The funds from the capital increase will primarily be used to expand global production capacities, including factories in Arnstadt, Thuringia, as well as in Hungary and Indonesia. The funds will also support the development of a zero-emissions strategy and research and development.CATL’s management strategically timed the share issuance: since its IPO in May 2025, the company’s shares on the Hong Kong Stock Exchange have surged by 157 per cent. This rise aligns with a significant increase in global investor demand for clean energy stocks amid the Iran war – and CATL, as a leading battery supplier, fits perfectly into this trend.“CATL is catching a perfect wave,” said Winston Ma, Managing Director of the Global Public Investment Funds Forum and former Managing Director of the China Investment Corporation. “A surging stock price, a supply-side shock in fossil fuels, and a Hong Kong market that is once again hungry for ‘heavyweight’ tech leadership equity – perfect for an opportunistic financing like this.”Shortly before the share issuance, CATL announced numerous positive updates, which likely convinced some investors. For instance, the company reported a net profit of 20.74 billion yuan (approximately €2.6 billion euros) for the first quarter, representing a 48.5 percent year-on-year increase. Additionally, CATL unveiled several battery innovations and further improved existing batteries at its “Super Technology Day”. These included the third generations of the Shenxing Superfast Charging Battery and the Qilin Battery, as well as new hybrid and sodium-ion batteries, and a ‘Condensed Battery’.reuters.com, cnevpost.com
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