The Chinese battery giant Catl rose by 12.55% on his Hong Kong -trading debut after raising the HKD 35.6 billion ($ 4.6 billion), which marked the largest offer in the world in 2025. The supply attracted a strong demand from strategic and cornerstone investors, which the market capitalization of CATL to HKD 1.34 trillion.
Contemporary Amperex Technology Ltd. (Catl) rose with 12.55% on his Hong Kong -Handel debut on 20 May and opened at HKD 296 per share. The Chinese battery giant priced are H-Share Initial Public Offer (IPO) at HKD 263, which raised a net HKD 35.33 billion ($ 4.52 billion) by the issue of approximately 135.6 million shares. Of these, 10.17 million shares went to Hong Kong Retail Investors, where the rest were offered internationally. The list attracted a strong question of strategic and cornerstone investors, including Sinopec, Kuwait Investment Authority, Hillhouse Capital, UBS, Oaktree Capital, Mirae Asset and Royal Bank or Canada. Catl’s market capitalization is now at HKD 1.34 trillion. Robin Zeng, chairman and CEO, said the offer marked a deeper integration in global capital markets and a milestone in the zero carbon ambitions of the company.
Huadian new energy group has obtained the approval of the Legal Regulatory Commission (CSRC) for its IPO on the Shanghai Stock Exchange. The renewable energy arm of the Huadian Corp. The state -owned company said that it is planning to use the proceeds to finance the construction of current clean energy projects. According to his prospectus, the Huadian New Energy wants to build 15.17 GW of new capacity in 23 provinces, municipalities and autonomous regions, with total investments that CNY reach 80.45 billion ($ 11.10 billion).
Haitai Solar Said that the CNY 147 million will be re -allocated, originally designated for an expansion of a research center and a 10 GW tunnel oxide passivated contact (Topcon) cell project to investments in a new production facility in Indonesia. The Indonesian enterprise, led by Haitai’s entire subsidiary PT Green Vision Solar, includes a 2 GW solar cell and 1 GW module project with a total investment of approximately CNY 600 million. The first phase includes CNY 300 million in capital expenditure.
China’s National Bureau of Statistics said that the sun sector of the country continued to show a robust production growth in April. The production of solar cells reached 71.93 GW, an increase of 33.4% year after year. The cumulative output for the first four months was a total of 239.06 GW, an increase of 18.8% compared to the same period in 2024. Solar Power Generation reached 4.5 TWH in April, an increase of 16.7% on an annual basis, while the cumulative generation of January to April 15.95 reached 15.95 TWH.
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