CATL IPO Listing in Hong Kong Preview
Contemporary Amperex Technology (CATL) is getting ready to complete its IPO on the Hong Kong exchange. CATL is expected to raise at least US$5 billion.
CATL maintained its 36.8% share in the global EV battery market in 2023 and January to November 2024. CATL has excellent fundamentals and improving profit margins.
Major risk factors include additional tariffs by the US, recent addition to Pentagon's blacklist, declining sales in 2024, and lower government subsidies for EVs globally.
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