February 5, 2023

China Aviation Lithium Battery Era (CALB) plans to record for an preliminary public providing in Hong Kong as early as this week, which might elevate up to $1.5 billion, and is predicted to turn into the most important IPO in Hong Kong to this point this yr, Bloomberg reported on Wednesday, mentioning folks aware of the subject.

Consistent with within resources, the Jiangsu-based electrical automobile battery maker is operating with Huatai Securities Co. at the record.

Based in 2007, CALB makes a speciality of the R&D, manufacturing, gross sales and marketplace software of lithium batteries & battery fabrics, BMS, power garage batteries and similar built-in merchandise.

The corporate has established manufacturing bases in 8 main towns, together with Changzhou, Luoyang, Xiamen, Wuhan, Chengdu, Hefei. Guangzhou and Jiangmen. In the meantime, the CALB Analysis Institute, which is operated as a nationally known undertaking generation heart, objectives to check and grow to be key applied sciences concerned within the era of battery energy into exact software and to create a brand new power generation innovation platform with world affect.

Consistent with knowledge launched by way of the China Automobile Battery Innovation Alliance ultimate yr, CALB put in 1.09 GWh of batteries in China in November, rating 3rd with a 5.2% marketplace proportion, whilst Recent Amperex Era Co., Restricted (CATL) ranked first with a 55% proportion and Chinese language EV logo BYD ranked 2d with 16.6%.

On the finish of November ultimate yr, CALB stated its capability would exceed 500 GWh by way of 2025, up from 300 GWh introduced in June. The corporate expects to reach 1,000 GWh of capability by way of 2030.

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On July 21 ultimate yr, CATL introduced that it had officially sued CALB for patent infringement, claiming that the latter celebration used to be infringing on batteries that had already been put in in tens of hundreds of cars. Alternatively, CALB stated that the goods it supplies to its shoppers have gone through a radical possibility investigation by way of a qualified highbrow belongings group and believes that its merchandise don’t infringe at the highbrow belongings rights of others.