The largest EV battery maker in the world to raise at least $ 4 billion

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Catl, Catl, the Chinese electric car battery maker, said it will collect at least $ 4 billion, while he was appointed to be the largest sale of shares in Hong Kong and the largest list in the world so far this year.

The secondary listing of the company will be priced this week and the shares will be established Start trading On May 20, according to a bulletin that was presented to the Hong Kong Stock Exchange on Monday.

Sinopec, Sinopec, the sovereign wealth fund for Investment in Kuwait, the Asian Investment Company, HillHouse Capital offers a range of more than 20 angle investors, which also includes the insurance company Taiikang Life and Chinese local government funds.

Catl, which already has shares listed on the Shenzhen Stock Exchange in China, is the world’s largest batteries for EVS and power storage systems.

The list of Eclipse JX Advanced was set for $ 3 billion in March, according to Dealogic data, and it can collect more than $ 5 billion if the demand is strong and the Greenshoe option – allowing subscription controls to sell more shares more than the plan.

The upper roof of Hong Kong stock prices is 1.4 percent lower than the main righteous price, as of the proximity of the market on Friday. The final prices would reflect a relatively narrow discount between the catl perfeelland shares “A” and Hong Kong “H”, which indicates the request of a strong investor, according to a person close to the deal. CATL shares traded at 3.5 percent to 257 yuan ($ 35.51) on Monday.

CATL quickly grown on the back Building battery factories in Europe And licensing technology for car makers.

Its headquarters in Ningdy, southeast China, the company has also been audited by Washington due to national security concerns and there is a state of uncertainty about its long -term position in the United States market amid trade tensions between Beijing and Washington.

Monday’s file came as the United States said it had been presented “Great progress” Over two days of commercial talks with Chinese officials in Geneva, a sign that the world’s largest economist has escaped from their trade war.

However, Catl said in his file that the American customs tariff policies are “developing quickly” and that “it cannot predict how tariff policies in various countries” or affect their actions.

The deposit also showed that US investment banks, including JPMorgan and Bank of America, are the main subscription on the list, despite the US Congress Committee last month inviting banks to the country to the country Leave the deal.

According to a banker close to negotiations, some American investors are still weighing their participation in selling stocks amid concerns about Add the Pentagon from Catl To the list of companies that have affiliation with the Chinese army.

While such labels have a little legal effect, they risk reputable damage and check more American agencies.

Catl repeated her rejection of these allegations in the Monday file, saying that she “has never participated in any military business or activities” and works with the US Department of Defense “addressing the wrong appointment.”

The company also noticed that the appointment restricts it to work with a small number of American agencies and it is not expected to have a broader impact on its work.

Catl, which has 11 major local manufacturing bases in China, is expanding quickly with projects in Germany, Hungary, Spain and Indonesia. In the deposit, she said that about 90 percent, or $ 27.6 billion, Hong Kong ($ 3.5 billion), the new capital will be used to build Hungarian production lines.

Among the company’s revenues of $ 50 billion in the past year, 69.5 percent of the Chinese market was derived with the rest from abroad, especially Europe.

However, Catl, which has huge benefits of volume benefits on most of its competitors, also works with Tesla and Ford to license its batteries manufacturing technology for factories in the United States.

The deposit also showed that EV batteries represent 70 percent of sales last year, followed by power storage systems by 16 percent and the rest often of battery materials, recycling and metal resources.