CATL values ​​interest in a potential list of $ 5 billion HK

Contemporary Amperex Technology Co. Ltd., the largest manufacturer of electric vehicles around the world, began to make an interest in investors for a sale of participations that can get $ 5 billion and will probably be Hong Kong’s largest list for years.

CATL, as the Chinese electric vehicle battery giant is known, on Tuesday launched investors’ education meetings, according to the terms of the agreement seen by Bloomberg. Hong Kong’s commercial debut will probably take place as soon as this month, people who know the subject said they were not identified because they were not authorized to speak publicly.

The company is moving forward with the offer despite the rates of United States President Donald Trump, having ruined the world markets. Given their scale, the success of the agreement will probably influence the confidence of investors in Hong Kong companies and Chinese companies, whose actions have had a worldwide performance amid the market crisis induced by rates.

Still, Chinese corporations look like be taking the trade war strongly And he turned on with quota sales last month, while offers in the United States and Europe have fallen.

The CATL Agreement came after a United States Congress Committee in April convene For Bank of America Corp. and JPMORGAN Chase & Co. They are withdrawn from working on the planned list. Both banks continue to work on the offer, according to CATL’s Post-list documents Date Tuesday.

Selection Committee of the House of Chinese Communist Party President John MoolenaarBlacklist from PentagonIn January, quoting his alleged links with the Chinese military. A CATL spokesman said that the complaints of the letters are without merit and that the company has never participated in any business or activity related to the military.

At $ 5 billion, CATL list would be the largest in the world since the Fred Lineage Inc. Real Estate Investment Agreement. Of $ 5.1 billion last year and the largest in Hong Kong since the $ 6.2 billion offer of Kuaishou Technology in 2021, according to data collected by Bloomberg.

Hong Kong’s listings have raised $ 2.7 billion to this year, according to data collected by Bloomberg. CATL’s planned revenue would almost triple this figure and other offers such as that of the Jiangsu Hangri Pharmaceutical Co -Drug Manufacturer. They are also underway. According to Bloomberg Intelligence’s estimates, Hong Kong’s list revenue could be over $ 22 billion, according to Bloomberg Intelligence estimates.

CATL in April reported a solid set of results for the first quarter, and net income grows at the fastest pace in almost two years. CATL executives, a higher provider of Tesla Inc. and many other great automobile manufacturers, described The impact of US rates as “little” and said that the US exhibition was “quite small.”

The sale of CATL stakes will be introduced in its continued international expansion in Europe, where most of the funds raised are embedded in completing a factory capable of producing 100 Gigawatt Hours annually in Hungary to supply top-notch customers such as Mercedes-Benz. The company has a market share of approximately 38%, while Ev maker Byd Co., which makes the cells for their own cars a second far away.

Separately, the company issearchA $ billion loan to finance an investment in Indonesia, according to people who know the matter.

CATL shares have dropped 12% this year in Shenzhen, compared to a 3.4% decrease in CSI 300 index.

This story originally presented to Fortune.com

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