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Shenzhen-listed battery giant CATL has applied to list in Hong Kong and plans to use the proceeds to fund the construction of a new 100 gigawatt-hours (GWh) battery pack factory in Hungary, in what could be the largest fundraising exercise in the city since early 2021. The company could raise more than $5 billion, Bloomberg had reported.
The companys second regional factory is on track to begin production with an annual capacity of 40 GWh in the first phase in Hungary in the second half of 2025; its first European plant opened in the German state of Thuringia in 2022. Jiemian, in Chinese ]
The first phase of the 4.1 The first phase of the 4.1 The company aims to complete construction of a site in Hungary capable of producing 100 GWh of batteries within two years, and its first regional plant began operations in the German state of Thuringia in early 2023. billion ($4.3 billion ($4.3
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