Chinese battery giant Contemporary Amperex Technology Co., Limited (CATL) has initiated the application process for a public listing in Hong Kong, aiming to raise over $5 billion. This potential offering could be the largest in the city in four years. The funds raised are intended to support CATL's overseas production capacity and international business expansion, aligning with its long-term global strategy. The company has named seven banks as overall coordinators for the listing, which was filed on February 12, 2025. In related news, another Chinese company, Mixue, is seeking $500 million through its own Hong Kong IPO.