Latest news with #ContemporaryAmperex
Bloomberg
10-07-2025
- Business
- Bloomberg
CATL's 46% Rise in Hong Kong Sends Premium Over China to Record
Contemporary Amperex Technology Co. Ltd. is trading at a record premium in Hong Kong over its mainland China-listed stock, likely an indication of global investors' strong interest in the battery giant. CATL's shares have surged 46% in Hong Kong following a May debut. They are now 30% more expensive than those trading in Shenzhen after adjusting for currency differences. That's a rare markup, as the majority of the roughly 150 dual-listed companies suffer a discount in the city, partly due to a difference in taxes for mainland investors.
Bloomberg
28-06-2025
- Automotive
- Bloomberg
Hong Kong's Sixfold Jump in Share Sales Drives Boom Year in Asia
Hong Kong's having a banner year as it marches toward becoming the second-largest market globally for share sales for the first time since 2012. Proceeds from listings and additional share sales in the Asian financial hub in the first half have reached about $33 billion, poised for a sixfold jump from a year ago, according to data compiled by Bloomberg. Offerings from electric carmakers BYD Co. and Xiaomi Corp. raised the most, followed by Contemporary Amperex Technology Co. Ltd., which had the world's biggest new listing this year.
Bloomberg
23-06-2025
- Automotive
- Bloomberg
Ford Escalates Battery Job Warnings as Congress Mulls EV Cuts
Ford Motor Co. intensified its campaign to preserve clean energy manufacturing subsidies Monday, warning jobs at its electric-vehicle battery plant in southwestern Michigan could be at risk if Republicans in Congress pare back tax credits in President Donald Trump's multi-trillion dollar economic package. The $3 billion plant in Marshall, about 100 miles west of Detroit, is slated to produce 20 gigawatt-hours of lithium iron phosphate, or LFP batteries, and employ 1,700 people after it starts production in 2026. The 2 million-square-foot site, which is still under construction, has drawn intense political scrutiny since it was announced in 2023 because Ford is licensing the technology to build the batteries from China's Contemporary Amperex Technology Co. Ltd, the world's largest battery manufacturer.
Bloomberg
19-06-2025
- Business
- Bloomberg
What China's Listing Frenzy in Hong Kong Means for Investors
Chinese companies are lining up in droves to list on the Hong Kong stock exchange, sparking a frenzy in a market that has been forsaken by investors and companies for many years. In May, the world's largest battery maker, Contemporary Amperex Technology Co. Ltd., debuted on the Hong Kong Stock Exchange with a HK$41 billion (US$5.2 billion) listing that has been the biggest deal of its kind so far in 2025. It's paving the way for the likes of luxury carmaker Seres Group Co., energy drink heavyweight Eastroc Beverage Group Co., robotics firm Estun Automation Co. and other Chinese companies to list in Hong Kong this year.
Bloomberg
31-05-2025
- 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.
