Hong Kong, CATL
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Contemporary Amperex Technology Co. Ltd., the world’s largest maker of batteries for electric vehicles, is planning to limit the types of US investors that can participate in its Hong Kong listing, an indication that US-China tensions may be spilling into the IPO market.
This week, CATL, a leading domestic lithium battery company, launched its Hong Kong IPO, heating up the lithium battery sector.
Investment banks managing Tesla (NASDAQ: TSLA) battery supplier CATL's IPO, the world's largest listing of 2025, are set to earn underwriting fees that fall below the industry standard.