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CATL's Historic Listing on HKEX

Contemporary Amperex Technology Co., Limited (CATL) has made a significant step in its mission to support a global zero-carbon economy by listing on the Main Board of the Hong Kong Stock Exchange (HKEX) under the stock code 3750. The company launched a global offering of 135 million shares at an initial price of HKD 263.00 per share, making CATL the first A-share company aiming for a secondary listing in Hong Kong with an issuance price ceiling. Impressively, the entire IPO process was completed in just 128 days.

On the first trading day, CATL’s shares opened at HKD 296.00, reflecting a remarkable 12.55% increase above the offer price, indicative of strong investor interest. This interest spanned a diverse range of 15 countries, comprising state investment funds, industrial capital, long-term institutions, and various strategic funds. Such robust demand underscores not only confidence in CATL’s long-term value but also the immense market potential surrounding carbon-neutral technologies.

Dr. Robin Zeng, Chairman and CEO of CATL, stated during the listing ceremony, "CATL is not merely a manufacturer of battery components; we are a provider of systemic solutions, dedicated to becoming a leader in zero-carbon technologies. Our entry into the stock market signifies deeper integration into global capital markets and is a landmark in our mission toward a global zero-carbon economy."

As global efforts intensify to combat climate change, the transition to a carbon-neutral economy has evolved from an environmental imperative into a dynamic growth engine. CATL is at the forefront of this transformation, driving the development of a zero-carbon economy through relentless innovation in carbon-neutral technologies. Key sectors gaining traction include:

1. Zero-Emission Transportation

According to BloombergNEF, investments in electric transportation need to reach $3 trillion annually by 2030 to meet global net-zero targets. The global transportation system is undergoing a fundamental restructuring as new energy vehicles and battery-swapping ecosystems enter a phase of explosive growth. CATL has developed the most advanced and diverse portfolio of products in response to this transportation revolution.

The company is pioneering innovative solutions by decoupling vehicle ownership from battery ownership and standardizing battery technologies. This approach aims to bridge e-mobility with energy networks, creating a closed-loop ecosystem with zero carbon emissions across the entire battery life cycle. Recently, CATL unveiled standardized battery-swapping blocks and a full-scale chassis-swapping solution for heavy-duty trucks in Shanxi province, marking a critical step toward developing a nationwide battery-swapping network for trucks covering 80% of key logistics routes in China by 2030.

2. Carbon-Free Electricity

BloombergNEF predicts a 75% increase in global electricity consumption by 2050, with potential investments in renewable energy surpassing $10 trillion in the next 25 years. Creating a zero-carbon energy system presents both challenges and opportunities. To address common issues such as network resilience, CATL is focusing resources on zero-carbon grid technologies, including power electronics and virtual power plants, positioning itself as a pioneer of a new zero-carbon energy system that will benefit households worldwide.

3. Global Industrial Decarbonization

Currently, 195 countries and regions have set emission reduction targets that encourage transitions to energy sources and sustainable developments with zero carbon emissions. The International Energy Agency estimates that achieving net-zero emissions will require global investments of $4.5 trillion annually beginning in 2030. CATL is pursuing carbon neutrality across all its factories this year while aiding the decarbonization of traditional industries such as steel, construction, and chemicals. Through integrated carbon-neutral solutions, CATL collaborates with partners to build zero-carbon islands and industrial parks.

CATL's Commitment and Future Strategies

With a focus on a circular economy, CATL aims to showcase details of its global commitment to energy circularity in June, actively working with industry partners to build a viable ecosystem.

Over the last decade, CATL has invested more than 70 billion yuan (approximately $10 billion) in research and development, achieving over 43,000 patents globally. The company has ranked first in new patent registrations in the industry for five consecutive years and established six global R&D centers.

Hong Kong's role as an international financial hub provides a vital platform for CATL's expanding manufacturing capacities and supplier networks, facilitating diverse collaborations with international partners—critical steps on the road to a zero-carbon future.

CATL will continue to focus steadfastly on innovation as its core competitive advantage, advancing the development of zero-carbon technologies to support the growth of the global zero-carbon economy.

About CATL

Contemporary Amperex Technology Co., Limited (CATL) is a leading global innovator in new energy technologies, committed to providing advanced solutions and services for new energy applications worldwide. CATL made its debut on the Shenzhen Stock Exchange in June 2018 with stock code 300750. In 2024, CATL achieved its eighth consecutive year of leading the global battery consumption for electric vehicles, also securing the top position in global energy storage battery supply for four years. CATL enjoys wide recognition from global partners in both electric vehicles and energy storage sectors. The company also announced strategic targets to achieve carbon neutrality in its core operations by 2025 and throughout its entire battery supply chain by 2035.