CATL Stock

China aims to install over 180 million kW of new energy storage capacity by 2027, driving about RMB 250 billion ($35 billion) in direct project investment.

Compared with the offering price of HK$263, CATL has risen 71 percent.

Listing in Hong Kong means wider integration of CATL into the global capital markets, its chairman said.

CATL rose about 8 percent to HK$284 in Hong Kong gray market trading as of press time.

CATL bought back RMB 254 million of its shares today, the first of its latest share buyback program.

At press time, CATL was down 8.64 percent on volume that hit a single-day high since its 2018 IPO in less than half a trading day.

Rumors surfaced yesterday that CATL may post earnings of less than RMB 5 billion in the first quarter, falling short of market expectations.

While there are other players who will rely on low prices to compete for market share, CATL has the lowest costs and highest reliability of supply, it said.

Investors expect CATL to be included in the CSI 300 Index, pushing it up 6.57 percent to a new all-time high of RMB 681.

As China's largest power battery supplier, how to manage idle cash is a question CATL needs to think about.