EV battery giant CATL aims to raise $4 bln in Hong Kong IPO
Maria Sandu
HONG KONG Chinese EV battery giant CATL aims to raise $4 billion in its Hong Kong listing scheduled for May 20, said a statement filed to the bourse on Monday, making it the largest IPO expected in the city so far this year. A global leader in the sector, CATL produces more than a third of all electric vehicle (EV) batteries sold worldwide, working with major brands including Tesla, Mercedes-Benz, BMW and Volkswagen. The company is already listed in Shenzhen, and its plan for a secondary
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