CATL Completes $5 Billion Hong Kong H-Share Placement — Largest HK Offering of 2026

CATL completed its H-share placement in Hong Kong on April 30, raising approximately HK$39.2 billion (~$5 billion USD) — the largest single stock offering in the Hong Kong market in 2026. The world's largest EV battery maker issued 62.39 million new H shares at HK$628.20 per share (a 7% discount to the prior close) to at least six independent investors, attracting orders from over 150 entities including hedge funds, sovereign wealth funds, and existing shareholders. Net proceeds will be used for global capacity expansion, zero-carbon business development (including its sodium-ion and grid storage lines), and R&D for next-generation solid-state and condensed battery technologies. The placement follows CATL's announcement of a record ¥20.7 billion (~$2.8B) Q1 2026 net profit — up 49% year-on-year — and its headline-grabbing sodium-ion deals. With HK$39.12 billion in fresh capital secured, CATL accelerates its overseas factory plans in Europe (Hungary, Germany), North America, and Southeast Asia, reinforcing its position as the dominant global battery maker with 40.7% global EV battery market share in Q1 2026.