CATL Raises Over HK$39.1 Billion Through Hong Kong Stock Placement

CATL Launches Large-Scale Hong Kong Stock Placement

On April 28, 2026, global power battery leader CATL (Contemporary Amperex Technology Co., Limited) issued an announcement on the Hong Kong Stock Exchange, declaring that it had entered into a placement agreement with placement agents. Under the agreement, the placement agents have conditionally agreed to procure no fewer than six placees to subscribe for a total of 62.385 million placement shares at a price of HK$628.20 per share, with total expected proceeds of approximately HK$39.22 billion.

This placement scale makes it one of the most closely watched fundraising events in the 2026 Hong Kong stock market.

Placement Details

Key information disclosed in the announcement:

• Number of placement shares: 62,385,000 shares
• Placement price: HK$628.20 per share
• Number of placees: No fewer than six
• Agreement signing time: Before the trading session on April 28, 2026

Notably, the agreement was signed before the trading session, demonstrating the company's precise grasp of market timing and institutional investors' strong recognition of CATL's long-term value. The placement price also reflects a consensus on the company's valuation between buyers and sellers.

Use of Funds and Strategic Plans

In recent years, CATL has continuously increased its investment in smart manufacturing and AI technology. The company's "Lighthouse Factories" have deeply integrated AI-powered quality inspection, intelligent production scheduling, and digital twin technologies, embedding artificial intelligence throughout the entire lifecycle of battery R&D, production, and operations. Additionally, the company continues to advance AI-driven material research and intelligent algorithms for battery management systems (BMS).

Industry analysts suggest the funds raised from this large-scale placement are expected to be used in the following areas:

1. Global capacity expansion: Accelerating overseas factory construction to consolidate global market share
2. Cutting-edge technology R&D: Including next-generation technologies such as solid-state batteries and sodium-ion batteries
3. AI and intelligent upgrades: Further promoting the deep application of AI across the entire battery industry chain
4. Supply chain integration: Strengthening supply chain resilience through investments and acquisitions

Market Impact and Industry Outlook

As the company that has ranked first globally in power battery shipments for multiple consecutive years, every capital market move by CATL reverberates throughout the new energy industry chain. This Hong Kong stock placement not only injects ample development funds into the company but also sends a clear strategic signal of its commitment to expansion.

Against the backdrop of continuously rising global new energy vehicle penetration rates and explosive growth in the energy storage market, CATL's move to "reload ammunition" through the capital market will help it maintain its leading position amid increasingly fierce international competition. At the same time, the deep integration of AI technology with battery manufacturing is becoming a new competitive focal point in the industry, and sufficient capital reserves will provide strong support for the company's exploration in this direction.

Investors and industry observers will closely monitor the final completion of this placement and the subsequent pace of fund deployment.