CATL has raised approximately €4.3 billion through a new share placement in Hong Kong, as the company looks to expand global production capacity and invest in research and development.
The Chinese battery giant sold new H-shares worth 39.2 billion Hong Kong dollars, pricing them at HK$628.20 each—around 7% below the previous closing price of HK$675.50 on the Hong Kong Stock Exchange.
The capital raise follows CATL’s initial public offering in Hong Kong in May 2025, which generated roughly €4.1 billion. Since then, the company’s share price has risen by around 157%, reflecting strong investor appetite for clean energy and battery-related stocks.
CATL said the proceeds will be used primarily to expand manufacturing capacity globally, including projects in Arnstadt, Hungary and Indonesia. Funds will also support the company’s zero-emissions strategy and ongoing research and development.
“CATL is catching a perfect wave,” said Winston Ma, Managing Director of the Global Public Investment Funds Forum. “A surging stock price, a supply-side shock in fossil fuels, and a Hong Kong market that is once again hungry for ‘heavyweight’ tech leadership equity – perfect for an opportunistic financing like this,” he added.
The fundraising comes after a series of positive announcements from the company. CATL recently reported first-quarter net profit of 20.74 billion yuan (around €2.6 billion), up 48.5% year-on-year.
The company has also introduced several new battery technologies, including updated versions of its Shenxing fast-charging battery and Qilin battery, alongside developments in hybrid, sodium-ion and next-generation “condensed” battery systems.
