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Chinese battery giant CATL's gets nod for HK listing, may raise at least $5b: report

Chinese battery giant CATL's gets nod for HK listing, may raise at least $5b: report

FILE PHOTO: CATL's EV platform code-named "Panshi" is seen on display for customers and staff, at the Chinese battery maker's headquarters in Ningde, Fujian province, China November 8, 2024. REUTERS/Zoey Zhang/File Photo

Chinese battery giant CATL said it had received approval from China’s securities regulator for a share sale in Hong Kong that sources have said could raise at least $5 billion, the largest listing in the city for four years.

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