Battery giant CATL files for $5 billion Hong Kong IPO

Contemporary Amperex Technology Co Ltd, the world's largest electric vehicle battery maker, has filed for a Hong Kong listing that is likely to be the city's biggest initial public offering in four years.

The long-awaited CATL listing aims to raise more than $5 billion, which the company said will fund overseas production capacity and international business expansion, supporting its long-term global strategy.