Contemporary Amperex Technology Co Ltd (CATL) is reportedly considering a potential share sale in Hong Kong that could raise up to US$5 billion (RM19.9 billion), following a strong rally in its share price.
According to sources familiar with the matter, the world’s largest electric-vehicle (EV) battery manufacturer has held preliminary discussions with several banks regarding a possible equity placement. The discussions remain at an early stage, and no final decision has been made.
In addition to a share sale, CATL is also said to be exploring the option of issuing convertible bonds as part of its broader funding strategy. These instruments could provide the company with greater flexibility in raising capital while managing dilution.
The potential fundraising exercise comes on the back of strong market performance. CATL’s shares have surged approximately 160% since its Hong Kong debut in May last year, following a secondary listing in the city. The company is also listed in Shenzhen, with a current market capitalisation of about US$289 billion.
A representative for CATL declined to comment on the matter.
Operationally, CATL has continued to demonstrate resilience despite intense competition in China’s EV sector, where a prolonged price war has pressured margins across the industry. The company recently reported full-year 2025 results that exceeded market expectations, supported by growth in its overseas business and its leading position in the energy storage segment.
As global demand for EVs and renewable energy solutions continues to expand, CATL is expected to channel any new funds raised towards capacity expansion, technological development and international growth initiatives.
