Chinese battery -in -chief Catl invests billions in Europe

The Chinese battery for electric vehicles CATL has carried out the largest IPO in Hong Kong on Tuesday since the beginning of the year, which is to bring in up to four billion US dollars.

The company was awarded the « Technobest » award in Luxembourg last year.

As a world market leader with a market share of more than a third and supplier for large brands such as Tesla, Mercedes-Benz, BMW and Volkswagen, Catl is powered by the rapid growth of the market for electric vehicles in China.

The battery manufacturer is already noted on the Stezhen stock exchange. His plans for a second number in Hong Kong had been announced in a dossier in December at the stock exchange.

In December, the group announced that he was building a large factory for electric batteries in Spain together with Stellantis for 4.1 billion euros, the production of which will start by the end of 2026.

The Chinese group is building a second factory in Europe, in Hungary, after opening its first production facility in Germany in January 2023.

Catl showed a net profit in the first quarter of around 1.68 billion euros, an increase of 32.9 percent compared to the previous quarter.