Robin Zeng, Chairman and CEO, CATL | CATL
Robin Zeng, Chairman and CEO, CATL | CATL
Contemporary Amperex Technology Co., Limited (CATL) announced its debut on the Hong Kong Stock Exchange, successfully raising $4.6 billion in what is expected to be the largest Initial Public Offering (IPO) of 2025. The announcement was made in a press release.
On May 20, 2025, CATL revealed its listing on the Main Board of the Hong Kong Stock Exchange under stock code 3750. The global offering comprised 135 million shares at a price of HKD 263 each, marking CATL as the first A-share company seeking a secondary listing in Hong Kong with a price cap for the issuance. The strong debut reflects investor confidence in CATL's role in advancing zero-carbon technologies.
According to the House Select Committee on the Chinese Communist Party, CATL has been identified as a "Foreign Entity of Concern" (FEOC) under U.S. law due to its ties to the Chinese Communist Party and military-civil fusion initiatives. This classification restricts access to federal subsidies under legislation like the Inflation Reduction Act. Lawmakers argue that any U.S.-based projects using CATL technology may be structured to circumvent these national security safeguards.
The "Strengthening America’s Supply Chains and Manufacturing Act," introduced in 2025, would prevent companies that license technologies from foreign adversaries, including CATL, from accessing federal tax credits or subsidies. The bill includes language specifically designed to close loopholes in current FEOC restrictions. It also grants the Department of Treasury greater oversight powers to investigate ownership and licensing arrangements.
Robin Zeng is the founder and chairman of Contemporary Amperex Technology Co., Limited (CATL), a global leader in electric vehicle battery production. A member of China’s National Committee of the Chinese People’s Political Consultative Conference and the All-China Federation of Industry and Commerce, Zeng is a prominent figure in China's tech industry. As of May 9, 2025, his net worth places him among the wealthiest individuals in Asia, as per Wikipedia.
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