Chinese EV battery giant CATL aims to raise US$4b in Hong Kong’s biggest IPO of 2025, despite US military link claim

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HONG KONG, May 12 — Chinese EV battery giant CATL aims to raise US$4 billion (RM17.2 billion) in its Hong Kong listing s...

Cornerstone investors, including Sinopec and Kuwait Investment Authority, agreed to buy shares worth HK$2.62 billion, the prospectus shows.

In a list issued in January by the US Defense Department, CATL was designated as a “Chinese military company”.

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Category: EconomyBusiness

Markets: MalaysiaChinaGermanyHong KongHungaryKuwaitSpainUnited States

Topics: Stock Automobile Hong kong IPO CATL

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 10:19:44 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 527 words

Reading Time: 3 minutes read

Sentences: 25 lines

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Copyright Owner: © Malay Mail

News ID: 28588932

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