Contemporary Amperex Technology (CATL) said it expects its overall business to grow by 5 to 10 times over the next 5 to 10 years, requiring capital for capacity expansion and promotion of new businesses. According to Ming Pao, CATL joint chairman and executive director Pan Jian said the company targets setting up 4,000 “battery swap-and-charge integrated stations” in China by the end of this year, covering nearly 190 cities.
Pan said that after CATL’s Hong Kong IPO of H shares, its Hong Kong share price has long traded at a 25% to 45% premium to its A shares, reflecting differences in investment perception or valuation between international long-term investors and A-share retail investors. He added the company previously carried out a placement, using the premium and the Hong Kong listing platform to raise funds for development.
STOCKS | CATL Co-Chair Pan Jian Sees 5-10x Business Growth in 5-10 Years
2026-06-11 05:22:11
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