Chinese electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) made its highly anticipated debut at the Hong Kong Stock Exchange (HKEX) on Tuesday, opening 12.55 percent higher at 296 Hong Kong dollars (about 37.81 U.S. dollars) on its first trading day.
Trading under the stock code 3750, CATL raised 4.6 billion U.S. dollars, one of the largest IPOs on HKEX in recent years and the biggest globally so far this year.
CATL's Hong Kong listing attracted a diverse range of investors from 15 countries and regions, including sovereign wealth funds, industrial investors, and long-term institutional investors. The listing process was completed in just 128 days.
As of the end of 2024, CATL operated six global research and development centers and 13 battery production bases, with service networks spanning 64 countries and regions.
The company's profitability has grown consistently, with profits reaching 33.5 billion yuan (about 4.64 billion U.S. dollars), 47.3 billion yuan, and 55.3 billion yuan in 2022, 2023, and 2024, respectively.
Chinese battery giant surges in Hong Kong debut
China and Russia have agreed to resolutely safeguard the outcomes of the victory of World War II, safeguard world peace and security, and uphold historical truth and international justice, Foreign Ministry spokesman Lin Jian said at a press conference in Beijing on Friday.
In response to a related media query, Lin briefed the press on the outcomes of Chinese Foreign Minister Wang Yi's visit to Russia and the 20th round of China-Russia strategic security consultation earlier this week.
"This year marks the 80th anniversary of the victory of the Chinese People's War of Resistance Against Japanese Aggression and the Soviet Union's Great Patriotic War. The two heads of state attended commemorations in each other's country, and agreed to firmly safeguard the outcomes of the victory of World War II and resolutely oppose any retrogressive acts attempting to whitewash colonial aggression, sending a powerful message for upholding justice and fairness in the current era," Lin noted.
"During the recent China-Russia strategic security consultation, the two sides conducted strategic alignment on issues related to Japan, reaching a high degree of consensus. Both sides agreed to resolutely safeguard the outcomes of the victory of World War II won at the cost of lives and blood, firmly oppose any erroneous words and deeds that attempt to whitewash the history of colonial aggression, and resolutely counter any attempts to revive fascism or Japanese militarism. Both sides stressed that China and Russia, as major countries and permanent members of the United Nations Security Council, will shoulder their shared responsibility to safeguard world peace and security, and uphold historical truth and international justice," said the spokesman.
"We stand ready to continue coordinating and cooperating with Russia to resolutely curb the provocative acts of Japan's far-right forces that undermine regional peace and stability and attempt to remilitarize," Lin said.
China, Russia agree to resolutely safeguard outcomes of World War II victory: spokesman
