CATL Plans H-Share Listing in Hong Kong Within 18 Months to Boost International Presence

Dec 26, 2024, 11:10 PM

Contemporary Amperex Technology Co., Limited (CATL), a leading Chinese electric vehicle battery manufacturer, has announced plans to seek a listing on the Hong Kong Stock Exchange. The company aims to issue offshore listed foreign shares, known as H-shares, as part of its strategy to enhance its presence in international capital markets. CATL intends to complete the listing within the next 18 months, timing it to align with favorable market conditions. This move comes amid a broader trend of Chinese companies opting for Hong Kong listings due to regulatory challenges in Shanghai and Shenzhen, as well as ongoing tensions between the U.S. and China that have made New York listings less appealing.