Chinese Battery Giant CATL Aims to Raise $5 Billion via Share Placement

By Fabiana Negrin Ochoa

Chinese battery giant CATL is looking to raise $5 billion in a discounted share placement to help fund its push into renewables as demand for electrification rises.

Contemporary Amperex Technology, as the company is formally known, plans to place 62,385,000 H-shares at 628.20 Hong Kong dollars each--a discount of roughly 7% from the stock's last trading price.

The battery maker, which counts Tesla and Volkswagen among its clients, estimates that it will raise net proceeds of HK$39.11 billion, or about US$4.99 billion.

In a stock exchange filing Tuesday, CATL said it plans to use the funds for the construction of global "new energy" projects and the layout of its zero-carbon business. Proceeds will also be used for research-and-development investment and to supplement working capital.

In laying out the rationale for the placement, CATL said that now is the time to seize the opportunities presented by the energy transition to cement its position in the industry.

Given the rapid growth of the global new energy sector and accelerating trend toward electrification, the company is angling to capture growing demand for power batteries and energy-storage batteries.

"This calls for accelerating the implementation of our global zero-carbon strategy, expanding our overseas business presence, stepping up investment in cutting-edge R&D and innovation, and building long-term sustainable growth drivers," it said.

Write to Fabiana Negrin Ochoa at fabiana.negrinochoa@wsj.com

(END) Dow Jones Newswires

April 27, 2026 21:07 ET (01:07 GMT)