Chinese electric vehicle battery maker CATL is considering a Hong Kong listing that could raise at least $5 billion, Bloomberg News reported on Thursday.
CATL is talking with potential advisers, and a listing might happen as soon as the first half of 2025, the report said, citing people familiar with the matter.
Discussions are ongoing and plans could change, and a second listing would still require approval from China’s securities regulator, according to the report. The stock currently trades on the Shenzhen Stock Exchange.
CATL did not immediately respond to Reuters’ request for comment.
Reuters
