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  5. Shares in China's CATL surge in Hong Kong after US$4.6 billion IPO

Shares in China's CATL surge in Hong Kong after US$4.6 billion IPO

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Chinese battery manufacturer CATL successfully raised $4.6 billion in its initial public offering on the Hong Kong stock exchange. The company, which produced over a third of the world's electric vehicle batteries in 2023, saw its shares jump following the listing.

  1. US
    Kevin Xu
    1. CATL became CATL because the government helped, but not so much that it became lazy.
    2. Most intriguingly, it got an innate but prodigious gambler at the helm, who was born too poor to ever feel loss aversion... astute enough to read government policy tea leaves and paranoid enough to always thrive, not die, under pressure.
    3. Competition... also helped, battle-testing its technology and supply chain, but not before it got a leg up from the protectionist subsidies first.

sources

  1. 1.CTV News
  2. 2.France 24
  3. 3.Agence France-Presse
  4. 4.Bloomberg News
  5. 5.CBC News

perspectives

  1. 1.Tech industry
  2. 2.Chinese Economy
  3. 3.Electric Cars
  4. 4.Automotive industry
  5. 5.Electric battery
  6. 6.Initial public offering

countries

  1. 1.Bolivia, Plurinational State ofBO
  2. 2.Congo, The Democratic Republic of theCD
  3. 3.ChinaCN
  4. 4.GermanyDE
  5. 5.SpainES
  6. 6.FranceFR
  7. 7.Hong KongHK
  8. 8.HungaryHU
  9. 9.United StatesUS

organizations

  1. 1.China Council for the Promotion of International Trade
  2. 2.BMW
  3. 3.Build Your Dreams
  4. 4.Chrysler
  5. 5.Contemporary Amperex Technology Co Ltd
  6. 6.Ford Motors
  7. 7.Jeep
  8. 8.Mercedes-Benz
  9. 9.Ram
  10. 10.Stellantis NVFR
  11. 11.TeslaUS
  12. 12.VolkswagenDE

persons

  1. 1.Kevin XuUS
  2. 2.Ren Hongbin
Shares in China's CATL surge in Hong Kong after US$4.6 billion IPO