Contemporary Amperex Technology Co., Limited (CATL), the world’s largest EV battery manufacturer, has postponed its much-anticipated initial public offering (IPO) in Hong Kong, according to sources familiar with the matter.
On April 18, JPMorgan, one of the lead underwriters of the listing, informed select institutional investors who had expressed interest in subscribing to the offering that the timeline would shift. The IPO, initially scheduled for the last week of April or early May, will now be pushed back to after China’s May Day holiday (May 1–5).
Institutional Interest Remains Strong
Although the exact reason for the delay has not been officially disclosed, the adjustment is believed to be related to market conditions and regulatory coordination, rather than a lack of investor interest. Multiple sources indicate that institutional appetite for CATL’s shares remains high, especially given the company’s central role in global battery supply chains.
CATL’s Hong Kong listing would mark a significant milestone in its capital strategy, complementing its existing A-share listing on the Shenzhen Stock Exchange. The company is already a heavyweight in China’s capital markets and aims to tap into global liquidity and investor bases via the Hong Kong market.
No Revised Timeline Yet
As of now, neither CATL nor its underwriters have released a revised timeline for the listing. However, several insiders expect the deal to resume progress swiftly after the May Day break, once market conditions are deemed favorable.
The Hong Kong IPO is expected to raise a substantial amount of capital that will support CATL’s global expansion, research into next-generation battery technologies, and supply chain development outside mainland China.
CATL’s Global Ambitions Continue
Despite the delay, CATL continues to press forward with its international growth. The company is investing heavily in overseas battery plants, forming joint ventures in Europe and Southeast Asia, and strengthening its position in stationary energy storage markets.
The postponement is seen as a tactical move rather than a strategic retreat, as global investors keep a close eye on CATL’s next steps—both in capital markets and across the battery industry.