Chinese electric vehicle battery manufacturer Eve Energy said on Monday it plans to list on the Hong Kong Main Board, becoming the latest domestic battery maker to seek a Hong Kong listing after industry leader CATL.
The company announced the plan in a Shenzhen Stock Exchange filing, stating the listing is intended to enhance its international brand image and support its global business expansion. Eve Energy’s board approved the proposal to issue H-shares and pursue the Hong Kong listing during a meeting held on June 7. The company is currently working with financial intermediaries to progress the listing process and will complete it at an appropriate time.
Eve Energy is among the largest EV battery suppliers worldwide. According to data from South Korean market research firm SNE Research, the company achieved a global installation volume of 8.3 gigawatt-hours (GWh) in the January-April period, ranking ninth with a 2.7 percent market share. In China, Eve Energy ranked fifth in April with 1.99 GWh installed and a 3.7 percent market share, based on figures from the China Automotive Battery Innovation Alliance (CABIA).
The Hong Kong listing follows that of CATL, the world’s top EV battery maker, which launched its offering in Hong Kong on May 12 and raised approximately $4.6 billion. CATL’s shares began trading on May 20 and saw strong gains initially, though prices have fluctuated since. As of Monday’s close, CATL shares had risen 2.23 percent since the listing.
Other Chinese battery producers already listed in Hong Kong include CALB, Rept Battero Energy, and Zenergy, underscoring Hong Kong’s growing role as a capital market hub for the EV supply chain.