In a landmark move to accelerate its global ambitions and support the transition to a zero-carbon economy, Contemporary Amperex Technology Co Limited (CATL) has officially listed on the Main Board of the Hong Kong Stock Exchange (HKEX) under the stock code 3750. The listing marks a significant milestone for the Chinese battery giant, which has rapidly become a key player in the global clean energy and transportation revolution.
CATL’s Hong Kong IPO involved a global offering of 135 million shares (before the greenshoe option), priced at HKD 263 per share. The stock made a strong debut, opening at HKD 296, a 12.55% increase, highlighting investor confidence in the company’s long-term value and strategic direction. Notably, CATL becomes the first A-share listed company to pursue a secondary listing in Hong Kong with a price cap, completing the process in a record 128 days.
The offering attracted interest from a wide array of global investors across 15 countries and regions, including sovereign wealth funds, insurance firms, industrial capital, long-term institutional investors, and multi-strategy funds.
“CATL is not just a battery component manufacturer; we are a system solution provider and are committed to becoming a zero-carbon technology company,” said Dr Robin Zeng, Chairman and CEO of CATL, at the listing ceremony. “This listing signifies our deeper integration into the global capital markets and marks a new milestone in our mission to drive the global zero-carbon economy.”
CATL’s listing comes at a time when the world is pivoting rapidly toward clean energy solutions. The company is at the forefront of this transformation, with major advancements in three critical sectors: zero-carbon transportation, zero-carbon electricity, and industrial decarbonisation.
BloombergNEF estimates that by 2030, the world will need to invest $3 trillion annually in electric transportation to meet net-zero targets. CATL is addressing this through its expansive portfolio, which includes battery-swapping technologies and integrated e-mobility systems. The company recently launched standardized battery swap blocks and full-scenario chassis-swap solutions for heavy-duty trucks in Shanxi, aiming to cover 80% of China’s key logistics routes by 2030. In the passenger vehicle segment, the “Choco-Swap Alliance” is helping to build a nationwide battery-swapping network.
As global electricity demand is projected to grow by 75% by 2050, CATL is investing in resilient, zero-carbon grid technologies such as power electronics, flexible regulation systems, and virtual power plants. These innovations aim to solve current grid reliability challenges and facilitate the transition to renewable power on a massive scale.
With 195 countries now committed to emissions reduction, CATL is helping traditional industries such as steel, cement, and chemicals decarbonise through integrated solutions. It is also working with partners to develop zero-carbon islands, industrial parks, and demonstration cities. The company is targeting carbon neutrality across all its factories this year.
In line with its commitment to sustainable development, CATL is championing energy circularity. The company will soon unveil its Global Energy Circularity Commitment, aimed at fostering cross-sector collaboration to create a robust circular economy ecosystem.
Over the past decade, CATL has poured more than RMB 70 billion ($10 billion) into R&D, and holds over 43,000 patents globally. It has topped the industry in new patents for five consecutive years and operates six global R&D centres.
Hong Kong’s status as a global financial hub offers CATL a vital springboard for expanding its production capacity, deepening its supply chain, and attracting top global talent. The listing not only enhances the company’s access to international capital markets but also strengthens its ability to forge global partnerships in pursuit of a zero-carbon future.