刚刚，今年最大IPO诞生了

Core Viewpoint - CATL (Contemporary Amperex Technology Co., Limited) has successfully launched its IPO on the Hong Kong Stock Exchange, marking the largest IPO globally in 2023, with an opening price of HKD 263 per share and a market capitalization of HKD 1.3 trillion, reflecting the company's strong position in the global battery market [2][12]. Company Overview - Founded by Zeng Yuqun in 2011, CATL has become a leader in the global power battery industry, with a market share of 37.9% in 2024 [8][10]. - The company has achieved significant milestones, including being the first in global battery usage for eight consecutive years and having cumulative battery installations exceeding 17 million vehicles [8][10]. Financial Performance - In 2024, CATL is projected to achieve a revenue of RMB 362.01 billion, with a net profit exceeding RMB 500 million, representing a year-on-year growth of over 15% [8][9]. - The latest quarterly report indicates a revenue of RMB 84.70 billion and a net profit of RMB 13.96 billion for the first quarter of 2023, showing a year-on-year increase of 32.85% [8]. Market Position and Strategy - CATL's market share in the domestic battery market decreased from 52.1% in 2021 to 48.2% in 2022, prompting the company to enhance its competitive strategies [7]. - The company is expanding its international presence, with overseas sales revenue increasing from 23.4% in 2022 to 30.5% in 2024 [10][11]. Future Plans - The proceeds from the IPO will primarily fund the construction of a battery manufacturing facility in Hungary, which is expected to become the largest electric vehicle battery factory in Europe by 2026 [10][12]. - CATL aims to leverage its IPO to accelerate its global expansion, particularly in markets where electric vehicle penetration is still growing [12][14]. Industry Trends - The article highlights a broader trend of Chinese renewable energy companies, including CATL, pursuing international listings to enhance their global competitiveness and brand recognition [14][15]. - The Chinese electric vehicle market is projected to see significant growth, with sales expected to reach 1.286 million units in 2024, representing a 35.5% year-on-year increase [15].