Contemporary Amperex Technology (CATL), a China-based battery manufacturing and technology company, announced the completion of a share placement of 62,385,000 new H shares in Hong Kong on April 30, 2026, raising HK$39.12 billion (~$5 billion) after satisfying all conditions under the placing agreement.

The new H shares were allotted and issued at HK$628.20 ($80.15) per placing share. The placement raised gross proceeds of about HK$39,190.26 million (~$5 billion). Net proceeds, after deducting the placing commission and other relevant costs and expenses, were about HK$39,123.27 million ($4.9 billion).

The company said it placed shares with at least six placees. According to the announcement, the placees and their ultimate beneficial owners are independent third parties. None of the placees became a substantial shareholder of the company immediately after the placement, as defined under the Listing Rules.

The new shares represented about 28.58% of the total number of H shares in issue after the allotment and issue of the placing shares. The company announced the placement on April 28, 2026.

Following the placement, the company’s issued H shares increased from 155,915,300 to 218,300,300. Its issued A shares remained unchanged at 4,408,192,521. Total issued shares increased from 4,564,107,821 to 4,626,492,821.

In May 2025, CATL announced the listing on the Main Board of the Hong Kong Stock Exchange (HKEX) under the stock code 3750, raising $4.6 billion. The initial public offering (IPO) comprised 135 million shares, before the greenshoe option, at HKD 296 (~$37.80) each, representing a 12.55% increase from the offering price. According to the company, this makes it the first A-share company to seek a secondary listing in Hong Kong with a price cap for the issuance.

According to Mercom’s Annual and Q4 2025 Funding and M&A for Energy Storage report, announced debt and public market financing for Energy Storage companies in 2025 decreased 30% year-over-year (YoY), with $11.4 billion in 44 deals compared to $16.2 billion in 32 deals in 2024. Despite raising less capital, deal activity increased 38% YoY.

In 2026, Elong Power Holding, a company that provides lithium-ion battery solutions for energy storage systems and electric vehicles, announced the closing of its $7.6 million underwritten public offering.