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Investing.com -- Contemporary Amperex Technology (CATL), the world’s leading maker of electric-vehicle batteries, has submitted an application for a secondary listing in Hong Kong.
This move could potentially lead to one of the largest listings in the financial hub in recent years. The application was submitted to the Hong Kong stock exchange on Tuesday, as indicated on the exchange’s website.
The battery giant, which experienced a 1.39% increase, is joining a growing list of Chinese companies seeking to raise funds through the city’s markets.
In December, CATL first announced its plan for a secondary listing in Hong Kong.
The company said that the listing would support its global expansion strategy and enhance its competitiveness.
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