CALB's Listing on the Hong Kong Stock Exchange Injects Strong Positive Energy to China's New Energy Industry
2022年10月6日 - 4:33PM
JCN Newswire
On October 6, CALB Co., Ltd. ("CALB" or the "Company"; stock
code: 3931.HK) was officially listed on the Hong Kong Stock
Exchange. The number of H Shares of the Company under the Global
Offering is 265,845,300, with issue price HK$38/share and proceeds
HK$ 9,863.9 million (prior to the exercise of the Over-allotment
Option). The successful listing of CALB has also made it the first
enterprise of power battery in Hong Kong, representing the strong
positive energy of China's new energy industry.
Well-recognised investment value with leading edge product
portfolio
Recently because of the impact of multiple factors, Hong Kong
stocks continue to be lukewarm. But the company still received the
attention and support of many investors which include upstream and
downstream of the industrial chain and long-term investors, and the
company successfully completed the stock pricing process. At the
same time, the IPO of the company is one of the largest public
offering in Hong Kong stock exchange this year. In the current
difficult capital market, the successful pricing of such a large
IPO is a huge success which also reflect the company's long-term
investment value.
Meanwhile, the Company has entered into cornerstone investment
agreements with 15 cornerstone investors, including Tianqi Lithium
HK Co., Limited, Wang Sing International Resources Limited, Han's
Laser Technology Co., Limited, CNGR Hong Kong Material Science
& Technology Co., Limited, XPeng Inc., vivo Mobile
Communication Co., Ltd*, Jiangmen New Energy, etc. The cornerstone
investors subscribed for 149,331,400 offer shares in total,
representing a total of approximately 8.43% of the issued share
capital of the Company immediately following the completion of the
share offering and a total of approximately 56.17% of the total
number of offer shares under the share offering. This indicates
that institutional investors have fully recognised the investment
value of CALB.
According to public information, CALB is a leading new energy
technology company, mainly engaged in the design, research and
development, production and sales of power batteries and energy
storage system products. In the first quarter of 2022, CALB ranked
fifth among global third-party power battery companies and second
in China in terms of installed capacity.
Since its establishment, CALB has paid great attention to the
technological innovation of products, and has been the leader of
innovation and technology in the industry. It is a power battery
enterprise with all-round independent research and development
capabilities that can independently complete the production of
power batteries. Its outstanding innovation capability enables the
Company to develop a series of innovative core technologies and
products, including high-voltage ternary battery, "magazine"
battery, and "One-stop" product, which have leading advantages in
energy density, safety and economy, and have been successfully
installed on numerous new energy hot-selling vehicles and widely
recognised by new energy vehicle manufacturers.
Relying on its strong innovation capability and strong technical
strength, CALB has carried out in-depth cooperation with Changan,
GAC, Geely, Dongfeng and other enterprises, and currently supports
28 car companies with more than 70 models, including GAC Aion,
Changan New Energy, XPeng, Geely, SGMW, FAW Hongqi, Dongfeng,
Dongfeng Peugeot, Chery, Guangzhou Toyota, Guangzhou Honda,
Leapmotor, HYCAN, Smart and other traditional car companies and new
car manufacturers, further consolidating its position in the
industry.
The share price is expected to take off with huge development
potential for industry
At present, driven by carbon peak emissions and carbon neutrality
goal and green economic transformation, the development of
renewable energy is of great significance, and new energy has
become an important field for countries to compete and invest in,
becoming the main battlefield of the new energy revolution.
The implementation of the "double carbon" campaign and the
coordinated promotion of green, low-carbon and high-quality
development are constantly promoting the accelerated development of
China's new energy vehicle industry. According to the Ministry of
Public Security, the number of domestic new energy vehicles has
exceeded 10 million in June this year, making China the world's
largest new energy vehicle market.
Under this backdrop, the power battery, as an important component
of new energy vehicles, has huge development potential. According
to estimates, the global installed capacity of power batteries will
reach 1386.7GWH, nearly 1400WGH in 2026, and China's installed
capacity of power batteries is expected to increase from 154.5GWH
in 2021 to 762GWH in 2026.
CALB will also continue to expand its production capacity. The
overall effective production capacity is expected to expand to
approximately 35GWh and 90GWh in 2022 and 2023, respectively,
representing a year-on-year increase of up to 194% and 157%.
CALB's production capacity is all high-quality that can be
mass-produced to meet the full range of customer needs, which
downstream customers unanimously recognize. The company's products
are widely demanded in the market, and this can be expected that
the impact of the company's economy of scale will continue to
increase.
As a benchmarking enterprise of China's power battery, CALB is
bravely taking the lead at the critical moment of economic
restructuring, which is not only the ambition of an enterprise, but
also the best illustration of supporting China's carbon peak
emissions and carbon neutrality goal. The listing of the Company as
the first enterprise of power battery in Hong Kong marks the
Company's official entry into the capital market, and also opens a
new chapter of rapid and sustainable development for the Company.
It is believed that with the help of the capital market, the
Company will continue to improve the company's technical strength
and product competency in the long run and strengthen the long-term
competitiveness of the company , and its share price is expected to
take off continuously.
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