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CATL's Major Leap onto HKEX

CATL, or Contemporary Amperex Technology Co., Limited, recently unveiled its entry into the prestigious Hong Kong Stock Exchange (HKEX) with the listing code 3750. This groundbreaking move is anticipated to bolster the global zero-emission economy significantly. The company has initiated a global issuance of 135 million shares priced at 263 HKD, marking a pivotal moment as it becomes the first firm to engage in a dual-listing on the local exchange with a price cap.

The initial public offering (IPO) of CATL witnessed incredible efficiency, taking only 128 days from inception to completion, boasting a closing price that showed no margin according to the A-shares on the day the price ceiling was established. On its debut day, shares opened impressively at 296 HKD, translating to a 12.55% increase over the IPO price.

A diverse group of investors from 15 countries participated, including sovereign wealth funds, industrial capital, long-term institutional investors, insurance capital, and funds with varied investment strategies. This widespread interest not only highlights confidence in CATL’s long-term value but also acknowledges the remarkable market potential and commercial opportunities surrounding zero-emission technologies.

A Vision for Zero-Emission Technologies

“CATL is not merely a battery component manufacturer; we aim to provide comprehensive system solutions and aspire to become a zero-emission technology enterprise,” stated Dr. Robin Zeng, CATL's CEO, during the announcement event. “This listing reflects our deeper integration with global capital markets and is a significant milestone in our mission to advance the worldwide zero-emission economy.”

As the world intensifies its efforts against climate change, the zero-emission economy has evolved from an environmental necessity to a dynamic economic growth driver. CATL, as a pioneer in this sphere, accelerates the transition to a zero-emission society through relentless technological innovations.

In crucial sectors like zero-emission transportation, BloombergNEF has predicted that to meet global net-zero targets, annual investments in electric transport must soar to 3 trillion dollars by 2030. The global transport sector is undergoing radical restructuring, with new energy vehicles and battery exchange ecosystems witnessing explosive growth. Emerging sectors like low-altitude economies and electric-fueled vessels are also evolving rapidly. CATL has developed the world's most advanced and diversified product portfolio to cater to this global transport revolution.

The company is pioneering innovative battery swapping solutions, facilitating the convergence of e-mobility and energy networks, thereby establishing a zero-emission, closed-loop ecosystem throughout the battery lifecycle. Recently, CATL unveiled a standardized battery-swapping block along with comprehensive swapping solutions for heavy-duty trucks in Datong, Shanxi province. This marks a significant step toward establishing a nationwide battery swapping network covering 80% of China’s key logistics routes by 2030. For passenger vehicles, CATL has formed the “Choco-Swap Alliance” to implement a new battery swapping ecosystem.

Innovations in Energy Systems

Moreover, BloombergNEF forecasts that by 2050, global energy consumption could increase by 75%, with potential investments in renewable energy exceeding 10 trillion dollars over the next 25 years. Developing a zero-emission energy system presents both challenges and opportunities. To tackle common issues within current energy networks, such as resilience, CATL is focusing its resources on zero-emission network technologies, including power electronics, flexible regulation systems, and virtual power plants, thus pioneering a new zero-emission energy system that ultimately benefits households through revolutionary zero-emission technologies.

The global shift away from coal in industries is gaining momentum, with 195 nations setting emission reduction targets, propelling energy transformation and sustainability towards zero-emissions. The International Energy Agency indicates achieving net-zero by 2030 will necessitate global investments of 4.5 trillion dollars annually. CATL aims for all its factories to achieve carbon neutrality by this year and is actively helping in the decarbonization of traditional sectors such as steel, cement, and chemicals manufacturing.

The company is developing integrated zero-emission solutions and partnering to create zero-emission islands, parks, and cities, further emphasizing its commitment to a closed-loop energy economy. This past decade, CATL has invested over 70 billion RMB (approximately 10 billion dollars) in research and development. With an impressive patent portfolio of over 43,000 filings, CATL leads the industry in new patents for five consecutive years with six global research and development centers.

As Hong Kong cements its status as an international financial hub, it continues to play a critical role in supporting CATL’s expanding production capacity, supply networks, and specialist pool. This strategic positioning also fosters more diversified collaborations with international partners, a vital step toward a carbon-neutral future.

In conclusion, CATL remains committed to innovation as a cornerstone of its competitive advantage while driving advancements in zero-emission technologies and supporting the growth of the global zero-emission economy.