CATL plans to raise US$7.7 billion in Hong Kong

It is reported that CATL plans to raise US$7.7 billion in Hong Kong, which will make its IPO fundraising scale surpass that of Postal Savings Bank of China and become the seventh largest company in the history of Hong Kong stocks. The additional funds raised will be used for global production capacity layout, including the expansion of the Hungarian plant and the 50GWh capacity factory jointly built with Stellantis in Spain.