- CATL's stock has surged by about 160% since it began trading in Hong Kong last May.
- CATL has also been considering selling convertible bonds to meet some of its funding needs.
CATL is considering a share sale to raise up to $5 billion in Hong Kong, Bloomberg reported on Monday, citing people familiar with the matter.
The world's largest EV battery maker has held preliminary talks with banks.
CATL has also been considering selling convertible bonds to meet some of its funding needs, according to the report.
Considerations are ongoing and no final decisions have been made, the people said.
This follows a massive rally in the battery maker's stock. CATL shares have surged about 160% since they started trading in Hong Kong in May last year, the report noted.
On Monday, CATL touched an all-time high of HK$701 per share in Hong Kong, although it erased almost all gains to close up 0.15% at HK$682.5 per share.
CATL reported last month that its full-year net income for 2025 jumped 42.28% to 72.2 billion yuan ($10.6 billion).
The company saw its revenue grow 17.04% to 423.7 billion yuan in 2025.
CATL announced at the time a generous cash dividend proposal of 69.57 yuan for every 10 shares held by its investors, which accounted for 50% of its net income.
CATL maintained its position as the battery maker with the highest installation volume in China in March, with a domestic power battery installation volume of 25.71 GWh, capturing a 45.54% share.
However, the giant's market share dropped by 3.56 percentage points from 49.10% in February. BYD ranked second in the overall battery market, holding a 17.83% share.
Overall, China's power battery installation volume showed a stabilizing trend in March, fully recovering from the holiday slump at the end of February.
($1 = 6.8315 yuan)
