Latest news with #ContemporaryAmperex
Bloomberg
20 hours ago
- Business
- Bloomberg
Chinese Listing Spree Sparks Revival Hopes in Hong Kong Stocks
A wave of listings by Chinese companies is expected to reinvigorate trading activity in Hong Kong, with optimism growing that a robust pipeline of debuts will drive the broader stock market higher. First-time share sales in Hong Kong have raised HK$77 billion ($9.9 billion) this year through May, the most for the period since 2021, buoyed by a blockbuster offering by battery giant Contemporary Amperex Technology Co.
Entrepreneur
3 days ago
- Business
- Entrepreneur
CATL's Record-Breaking IPO Set to Fuel Global Growth
Contemporary Amperex Technology Co. Limited (CATL), the world's largest electric vehicle battery manufacturer, has completed a massive initial public offering that analysts say will significantly accelerate the company's international expansion... This story originally appeared on Calendar Contemporary Amperex Technology Co. Limited (CATL), the world's largest electric vehicle battery manufacturer, has completed a massive initial public offering that analysts say will significantly accelerate the company's international expansion plans. The Chinese battery giant's listing has broken records in the domestic market, drawing intense interest from both institutional and retail investors. This capital influx comes at a critical time as CATL faces increasing competition in the rapidly growing electric vehicle battery sector. Record-Breaking Market Debut CATL's shares surged immediately upon listing, reflecting strong investor confidence in the company's growth trajectory and market position. The offering raised billions of dollars, making it one of the largest initial public offerings (IPOs) in China's technology sector in recent years. Market analysts point to several factors driving investor enthusiasm: CATL's dominant position as a supplier to major global automakers The company's advanced battery technology and research capabilities Strong government backing for China's electric vehicle industry 'This successful listing gives CATL the financial firepower it needs to compete globally,' said a market analyst familiar with the company. 'They now have the capital to fund new factories, research facilities, and strategic partnerships worldwide.' Global Expansion Strategy CATL has made no secret of its international ambitions. The company already supplies batteries to major automakers including Tesla, BMW, and Volkswagen. With its newly acquired capital, CATL is expected to accelerate plans for manufacturing facilities in Europe and North America. The company has already broken ground on a massive factory in Germany, its first production facility outside China. Industry experts believe that additional plants will follow as automakers worldwide increase their production of electric vehicles. 'CATL recognizes that being close to their customers is essential,' noted an industry consultant. 'Building factories in key markets reduces shipping costs, supply chain risks, and helps them adapt products to regional requirements. Technology Investment and Competition A significant portion of the IPO proceeds is likely to be allocated toward research and development. CATL faces growing competition from rivals like LG Energy Solution, Samsung SDI, and emerging battery startups. The company has been developing next-generation battery technologies, including solid-state batteries that promise increased energy density, faster charging, and enhanced safety. These advancements are crucial as electric vehicles move into the mainstream. CATL must also navigate an increasingly complex geopolitical landscape. Rising tensions between China and Western nations have led some governments to question reliance on Chinese battery suppliers for what they consider strategic industries. 'The battery industry is becoming highly politicized. CATL needs to position itself as a global company, not just a Chinese one, to maintain access to key markets,' said a policy expert who tracks the industry. Market Outlook The global electric vehicle battery market is projected to grow at a compound annual rate exceeding 25% through 2030. This growth is driven by government mandates to reduce carbon emissions, falling battery costs, and increasing consumer acceptance of electric vehicles. CATL's successful IPO positions the company to maintain its market leadership despite these challenges. The company currently controls approximately 35% of the global electric vehicle (EV) battery market, with significant market shares in China and Europe. As automakers commit to phasing out internal combustion engines, demand for high-performance batteries is expected to continue rising. CATL's expanded manufacturing capacity and research capabilities, funded by its blockbuster listing, will be critical to meeting this demand. For investors, the successful IPO represents confidence that CATL can navigate both technological changes and geopolitical challenges while maintaining its growth trajectory in a market that will be central to the future of transportation. The post CATL's Record-Breaking IPO Set to Fuel Global Growth appeared first on Calendar.
Free Malaysia Today
23-05-2025
- Automotive
- Free Malaysia Today
BYD's HK shares hit record premium over onshore stock
BYD's shares gained as much as 4.4% in Hong Kong today. (AP pic) HONG KONG : BYD Co's shares rose to a record high in Hong Kong, expanding their premium over those trading on the mainland to the highest level ever. The shares gained as much as 4.4% in the financial hub, buoyed by positive sentiment surrounding Contemporary Amperex Technology Co's blockbuster debut. The stock is now priced at more than a 5% premium over the Shenzhen-listed shares, after adjusting for currency conversion, according to Bloomberg-compiled data. Advances in the electric carmaker's Hong Kong shares underscore growing conviction among foreign investors over the company's prospects, making them a rare standout among dual-listed stocks. Shares listed on the mainland currently trade at around 33% premium to their Hong Kong counterparts, according to the Hang Seng Stock Connect China AH Premium Index. Mainland shares' premium over Hong Kong will remain on an aggregate level, but certain stocks such as BYD and China Merchants Bank Co that are considered 'quality core holdings for foreign investors' have shown discounts, UBS AG strategist James Wang wrote in a note. That's also helped by better liquidity offshore, they added.
Bloomberg
22-05-2025
- Business
- Bloomberg
Jamie Dimon Says JPMorgan Was Right to Do CATL Deal Despite Opposition
By and Haslinda Amin Save JPMorgan Chase & Co. underwrote Contemporary Amperex Technology Co. Ltd. 's Hong Kong listing despite opposition from US lawmakers, given that Washington hasn't placed sanctions on the Chinese battery maker, Chief Executive Officer Jamie Dimon said. 'If we thought it was wrong, we wouldn't do it,' Dimon said in an interview with Bloomberg Television on Thursday at JPMorgan's Global China Summit in Shanghai.
Bloomberg
21-05-2025
- Business
- Bloomberg
Chinese Firms Go on Fundraising Spree Amid Rush of Easy Money
Chinese companies are seizing on a window of opportunity to raise capital as global investors pour money into Asian assets in search of alternatives to the US. The surge in inflows created by the waning of US exceptionalism and the Beijing-Washington trade truce has fueled one of the most active fundraising booms the region has seen in years. By far the biggest deal has been the share offering by Chinese electric-vehicle battery maker Contemporary Amperex Technology Co. Ltd., but that's just part of a wider groundswell.
