CATL’s $5.3B Hong Kong IPO Backs Hungary Battery Plant

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Chinese battery giant CATL just launched a $5.3 billion Hong Kong stock offering - despite being on a US military blacklist

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They're offering 117.9 million shares at HK$263 each, with trading starting May 20th

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Plot twist: US investors are completely blocked from this deal through a "Reg S"

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CATL controls 38.3% of the global EV battery market - that's bigger than BYD and LG combined

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90% of the IPO money goes straight to their massive Hungary factory worth €2.7 billion

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This Hungary plant will pump out enough batteries for 1.3 million cars annually

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Hong Kong retail investors went crazy - borrowing 7.5 times their allocation to get in

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"CATL offers unique advantages in battery research and development," says Bright Smart Securities CEO

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The company made RMB 13.96 billion profit in Q1 2025 - up 32.9% from last year

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Their latest tech includes batteries that charge to 520km range in just 5 minutes

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JPMorgan and Bank of America stayed as sponsors despite US Congress asking them to quit

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CATL's shares jumped 3.6% in Shenzhen as investors bet big on electric future

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[{"selector":"#anim-f9ebdd3f-0ae6-48cb-81d0-c42cbdcb88f3","keyframes":{"opacity":[0,1]},"delay":200,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1fe11e36-65bc-4b0d-867f-e7d566126238","keyframes":{"opacity":[0,1]},"delay":200,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-911e86ec-c6ad-4d37-b4e9-161ec9d6af65","keyframes":{"transform":["translate3d(-114.50152%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b32354e-4f78-4ff4-8f13-e916a63153f3","keyframes":{"opacity":[0,1]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0226b1ce-12a2-42fc-9e11-9695b6264f1a","keyframes":{"transform":["translate3d(115.2381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tesla Reclaims 200-Day Average After 30% Slide—$160 Call Looms Learn more