April 29, 2026: Chinese EV and BESS battery giant CATL has raised the equivalent of $5 billion in a share placement on April 28 in Hong Kong ― pledging to use the cash boost to accelerate construction of new energy projects overseas.

CATL said in a filing to the Hong Kong Stock Exchange it sold more than 62 million new overseas foreign capital shares (‘H’ shares) at HK$628.20 each, raising HK$39.2 billion ($5 billion).

The company said in its filing CATL’s leadership was determined to seize the opportunities presented by the energy transition to consolidate its dominance of the industry.

“This calls for accelerating the implementation of our global zero-carbon strategy, expanding our overseas business presence, stepping up investment in cutting-edge R&D and innovation, and building long-term sustainable growth drivers.”

The placement came just days after CATL rolled out its latest innovations in battery tech — showcasing fast-charging, high energy and heightened safety innovations to maintain global dominance of the EV battery market.

Earlier this year, CATL reported near 40% year-on-year growth in global lithium battery sales for 2025 — increasing its dominance of the global market.

The battery giant said on March 10 that annual lithium sales reached 661GWh.