(March 7): Contemporary Amperex Technology Co Ltd (CATL) already offered a peak into a record performance last year, with investors awaiting more details of its upcoming Hong Kong listing, which could raise more than US$5 billion (RM22.15 billion).

The so-called “Bright 8” share sale, an apparent nod to a lucky number in Chinese culture, is expected to be the biggest listing in the city since 2021, with bankers rushing to get a slice of the multibillion-dollar deal. CATL, the world’s top electric-vehicle battery maker, already flagged net income is likely to jump as much as 20% last year. 

Electric vehicle demand is also boosting competition, and Li Auto Inc’s feeling the squeeze. Quarterly revenue growth is seen down in the single digits, estimates showed, though Bloomberg Intelligence said the picture’s brighter ahead. 

Uploaded by Tham Yek Lee