Contemporary Amperex Technology Co., Limited (CATL) has announced its intention to list global depositary receipts on the Hong Kong Stock Exchange. This move is part of the company’s strategy for international expansion and its commitment to supporting a zero-carbon economy, as detailed in a press release.
According to CATL’s official announcement, the listing of global depositary receipts (GDRs) on the Hong Kong Stock Exchange is aimed at expanding its global presence and aiding the transition to a zero-carbon economy. The company seeks to strengthen partnerships with international automakers, including Ford, and increase its involvement in clean transportation and energy storage markets. This expansion comes amid ongoing policy discussions about trade and supply chain security between China and the United States.
Rep. John Moolenaar (R-Mich.) has voiced opposition to subsidies benefiting Chinese companies, saying that the U.S. should not be “lagging behind by decades and subsidizing the [Chinese Communist Party],” according to E&E News. Despite this stance, reports suggest that Moolenaar supports a reconciliation bill provision facilitating Ford’s battery partnership with China-based CATL, as noted by sources monitoring congressional activity.
JPMorgan Chase, under CEO Jamie Dimon, plays an advisory role in the Ford-CATL battery partnership, supporting cross-border investment in automotive technology. Coverage from CNBC and PR Newswire highlights JPMorgan’s financial involvement in this project. The bank’s participation is seen as influential in advancing legislative provisions related to this partnership.
Robin Zeng, founder and chairman of CATL, is recognized as a leading figure in electric vehicle battery production globally. A member of China’s National Committee of the Chinese People’s Political Consultative Conference and the All-China Federation of Industry and Commerce, Zeng is notable within China’s tech industry. As of May 9, 2025, his net worth ranks him among Asia’s wealthiest individuals.
