CATL plans to raise US$5 billion from private placement to fund renewables expansion
- Posted on April 28, 2026
- By South China Morning Post
- 0 Views
- 1 min read
In brief
Chinese battery manufacturer CATL is pursuing a substantial capital raise of approximately $5 billion through a private placement strategy. The company plans to issue 62.4 million shares listed on the Hong Kong Stock Exchange at HK$628.20 per share to a consortium of six or more institutional investors. This fundraising initiative aims to accelerate CATL's expansion into renewable energy sectors, strengthening its market position in clean energy technology and global battery manufacturing.
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CATL plans to raise US$5 billion from private placement to fund renewables expansion
Battery maker says it plans to sell 62.4 million Hong Kong-traded shares for HK$628.20 apiece to at least six unspecified investors.
