Latest news with #HK35.7
AU Financial Review
21-05-2025
- Business
- AU Financial Review
‘Too big to fail' lithium producers unfazed by long price slump
One of Australia's biggest lithium producers says a Chinese battery giant's $7 billion Hong Kong's debut underscores long-term faith in the sector despite prices for the metal crashing to a four-year low. Contemporary Amperex Technology, which commands a third of the global supply of batteries, wrapped up the biggest sharemarket listing in the world this year by raising $HK35.7 billion ($7 billion) this week.
AU Financial Review
20-05-2025
- Automotive
- AU Financial Review
CATL shares electrify HK market on debut
Hong Kong | Contemporary Amperex Technology (CATL) rose in its Hong Kong trading debut after the Chinese battery giant wrapped up the world's biggest listing this year by raising $HK35.7 billion ($7 billion) despite being blacklisted by the Pentagon and grinding through geopolitical storms. Shares of CATL, the largest maker of electric-vehicle batteries, climbed as much as 14 per cent to $HK299.80 in mid-morning trade on Tuesday. Hong Kong shares of Chinese companies typically trade at a discount to those in the mainland, but CATL soared above its stock price on the Shenzhen market, where it fell.
