Shares of EV battery maker CATL jumped by a whopping 16% after its record-breaking IPO in Hong Kong.
While some automakers may be easing off the throttle on their full EV transitions, that doesn’t mean the electric revolution is slowing down anytime soon. And the financial markets certainly seem to agree, as EV battery maker Contemporary Amperex Technology Co Limited (CATL) just experienced one of the strongest stock market debuts ever for any company.
Shares in the world’s largest EV battery maker rocketed 16% on their Hong Kong trading debut, electrifying investors after just completing 2025’s largest global IPO. CATL closed Tuesday at an impressive HK$306.2 (RM 180), compared to its initial offering price of HK$263 (RM 155), signalling overwhelming market confidence in the energy storage powerhouse.
The landmark listing raised HK$35.7 billion (RM 19.5 billion), supercharging Hong Kong’s financial markets and pushing the city’s total fundraising to over HK$60 billion (RM 32.7 billion) — a staggering six times more than the same period last year.
If that isn’t impressive enough too – worth highlighting that the institutional tranche of the deal was oversubscribed 15.2 times, while the retail portion saw demand 151 times the available shares. If the company exercises its “green shoe option,” CATL’s capital raising could swell to $5.3 billion (RM 2.9 billion), making it Hong Kong’s most significant listing since short-video platform Kuaishou Technology’s $6.2 billion (RM 3.4 billion) debut in 2021.
“The Hong Kong stock listing means our wider integration into the global capital market and a new starting point for us to promote the global zero-carbon economy,” declared CATL founder and chairman Robin Zeng at the listing ceremony. Meanwhile, the company’s Shenzhen-listed shares finished the day up 1.15% at 263 yuan (RM 155) after a shaky opening.
Founded in 2011 in Ningde, China, CATL has rapidly charged ahead of competitors to capture a commanding 38% share of the global EV battery market — up from 36% just a year earlier. The battery giant has confirmed that approximately 90% of the IPO proceeds will power the construction of its strategic new battery plant in Hungary, designed to produce battery packs for European automotive heavyweights including Volkswagen, Stellantis, and BMW models.
As for developments a little closer to home, it is perhaps worth mentioning too that Perodua’s upcoming EV will feature batteries from CATL. Incidentally, our other “national EV”, the Proton e.MAS 7, also sees its Aegis Short Blade Battery come from the same maker as well.
