CATL plans to raise US$5.5 billion in Hong Kong

CATL plans to issue no more than 220 million shares on the Hong Kong Stock Exchange, with an estimated fundraising amount of approximately US$5.5 billion. This fundraising scale will make it one of the largest IPO projects in the Hong Kong capital market in recent years. The funds raised will mainly be used to promote the construction of the Hungarian project and the company's operating funds. Although it has passed the Hong Kong Stock Exchange hearing, the final issuance terms and fundraising amount are still to be announced in the formal prospectus.