Catl China believes that shares rise to 14 % in Hong Kong on EV Boom

The shares of the largest manufacturer in the world of contemporary world increased to 14 % in its first appearance in Hong Kong on Tuesday.

The last stocks were Trading of 13 % in $ 298 Hong Kong each On the Hong Kong Stock Exchange, compared to the first public dish Hong Kong price $ 263 per share.

Cattle Lift the subscription $ 35.7 billion, Hong Kong ($ 4.6 billion), according to Providing the companyAnd according to what was reported The largest global list in 2025. Catl shares on the Chinese Chinese Chinese Stock Exchange decreased by 0.5 % in about 260 Chinese yuan.

“I think that with the shares of H (Hong Kong) strongly, this will lead to the lifting of the shares A (China China).”China’s connection“

He added: “In order for H shares to be traded at the highest shares A, it only shows the extent of exceptional demand for this company, especially from global investors.”

Catl said in his file in Hong Kong that 90 % of the collected money will go towards building its next factory in Hungary, aiming to provide batteries to European auto customers, including StelantisBMW and Volkswagen.

“Europe is a very important market for Catl,” Beveridge said, adding that the company’s growth in China would have slowed in the coming years due to the spread of sales already. “Europe is only in penetration (sales) from 20 to 25 %, so there is still a lot of growth there,” he added.

The global batch of the company Coincide From the Chinese EV makers like byd. However, these efforts hit the stumbling block last year when the United States and the European Union were placed Punitive definitions On EVS made in China, referring to unfair commercial practices.

The company also found itself at the intersection of commercial tensions between the United States of China earlier this year, with the Pentagon placed in a surveillance list in January due to suspected links with the Chinese army-allegations rejected by the company.

In March, Catl published a 9.7 % decrease in its annual revenue for 2024It struck intensive competition in the electric car market in China, which pressed the best batteries product in the world. However, the company’s net profit increased by 15 % on an annual basis.

The demand for electric cars in China, a critical market for Catl, gained momentum last year against the backdrop of a set of benefits and consumer purchase incentives. EV sales in China increased to 11 million in 2024 – an increase of 40 % compared to the previous year, data from the United Kingdom’s research company RHO movement Show.

“We are believers and major investors in Catl in our global EV strategy. It is just an enormous, it” must have a company, “said Brendan Ahren, chief investment official in Caraneres. It is” a company that must have a company, “in my opinion, along with BYD for investors in space.

Bank of AmericaChina International Capital Company, Goldman Sachs, Morgan Stanley, Jpmorgan Chase He was Manijers joint bullets for Hong Kong View.

Speaking of CNBC’s Squawk Box ASIA on Tuesday, Andy Maynard, Managing Director of the Renaissance head in China, said that the public subscription in Catl shows that investors are still looking for China to find high -quality plays despite the recent trade tensions between Beijing and Washington.

Correction: This story was reviewed to accurately reflect the jump in the stocks in Market Open.