World’s Biggest EV Battery Maker CATL’s Shares Jump on Debut in 2025’s Biggest IPO
In a major milestone for the electric vehicle (EV) industry, shares of Contemporary Amperex Technology Co. Ltd (CATL), the world’s largest EV battery maker, opened 12.5% higher than its subscription price on its first day of trading in Hong Kong. This successful debut marks the biggest initial public offering (IPO) of 2025, raising around $4.6 billion for the company.
CATL, a Chinese company, is a key supplier to several major electric vehicle manufacturers, including Tesla. The company’s shares were listed on the Shenzhen stock market earlier, and its debut in Hong Kong marks its expansion into the international market.
The IPO was highly anticipated, with investors eager to get a piece of the booming EV industry. CATL’s success is a testament to the growing demand for electric vehicles and the company’s position as a leader in the global EV battery market.
CATL’s IPO is significant not only for the company but also for the Hong Kong stock market, which has been struggling to attract major listings in recent years. The successful debut of CATL’s shares is expected to boost confidence in the market and attract more investors.
The company’s IPO was priced at HK$187.50 ($24.10) per share, and it opened at HK$210.00 per share, representing a gain of 12.5% over its subscription price. The strong debut was driven by strong demand from institutional investors and individual investors, who were eager to get a piece of the growing EV industry.
CATL’s success is also a reflection of the company’s strong financial performance. In 2024, the company reported a net profit of 11.4 billion yuan ($1.67 billion), up 34.5% from the previous year. The company’s revenue also grew significantly, reaching 143.8 billion yuan ($21 billion), up 34.2% from the previous year.
The company’s growth is driven by its strong position in the global EV battery market. CATL is the largest EV battery supplier in the world, accounting for over 30% of the global market share. The company has a wide range of customers, including major electric vehicle manufacturers such as Tesla, Volkswagen, and BMW.
CATL’s success is also driven by its strong research and development capabilities. The company has invested heavily in research and development, and has developed several innovative battery technologies, including lithium-ion batteries and solid-state batteries. The company’s R&D efforts have enabled it to stay ahead of the competition and to develop high-performance batteries that are in high demand.
The company’s strong financial performance and growth prospects have made it an attractive investment opportunity for investors. The successful debut of CATL’s shares is expected to boost investor confidence and to drive further growth in the company’s stock price.
In conclusion, the successful debut of CATL’s shares in Hong Kong is a major milestone for the EV industry and a testament to the company’s strong position in the global market. The company’s growth prospects are strong, driven by its strong research and development capabilities and its wide range of customers. The successful debut of CATL’s shares is expected to boost investor confidence and to drive further growth in the company’s stock price.
