3931.HK

CALB's Listing on the Hong Kong Stock Exchange Injects Strong Positive Energy to China's New Energy Industry

Retrieved on: 
Thursday, October 6, 2022

HONG KONG, Oct 6, 2022 - (ACN Newswire) - On October 6, CALB Co., Ltd. ("CALB" or the "Company"; stock code: 3931.HK) was officially listed on the Hong Kong Stock Exchange.

Key Points: 
  • HONG KONG, Oct 6, 2022 - (ACN 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 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.
  • Recently because of the impact of multiple factors, Hong Kong stocks continue to be lukewarm.
  • At the same time, the IPO of the company is one of the largest public offering in Hong Kong stock exchange this year.

CALB's listing on the Hong Kong Stock Exchange makes it a premium target with outstanding high growth certainty on the gold track

Retrieved on: 
Thursday, October 6, 2022

During the offering period, the first day of the international placement of CALB has realised oversubscription.

Key Points: 
  • During the offering period, the first day of the international placement of CALB has realised oversubscription.
  • According to Frost & Sullivan, the global sales volume of NEVs increased from 1,162.1 thousand units in 2017 to 6,201.2 thousand units in 2021.
  • Benefiting from the growth of the global NEV market, the automotive industry in various countries has a high demand for power batteries, and the EV battery market has grown steadily.
  • The global EV battery installed capacity is expected to grow at a CAGR of 33.8% from 2022 to 2026 and reach 1,386.7 GWh in 2026.