寧德時代（CATL，全名：寧德時代新能源科技股份有限公司）是中國最具代表性的鋰電池製造企業之一，也是目前全球電動車動力電池市場的領導者。公司成立於2011年，總部位於福建省寧德市，主營業務包括鋰離子電池的研發、生產與銷售，應用領域涵蓋電動汽車、儲能系統及電池回收等。憑藉強大的技術實力與規模化優勢，寧德時代在短短十年間迅速崛起，不僅成為中國新能源領域的旗艦企業，也在全球電池供應鏈中佔據舉足輕重的地位。

根據最新消息，寧德時代計畫於下週在香港交易所正式掛牌上市，募資金額最高可達50億美元，若順利完成，將有望成為2025年度全球規模最大的首次公開募股（IPO）案之一。這次港股上市被視為寧德時代全球化資本布局的重要一步，尤其在當前中美科技競爭加劇的背景下，選擇香港這一國際金融平台，具有高度戰略意義。

此次港股上市將以H股形式發行，預期吸引大量亞洲與歐洲投資者的關注。然而值得注意的是，由於中美之間的金融監管與投資限制，美國境內的投資者在此次IPO中無法直接參與購買寧德時代的港股股份。這一限制主要與近期美方針對中國高科技企業所設的禁令與審查政策有關，反映出地緣政治對企業國際融資活動的潛在影響。

儘管如此，市場普遍看好寧德時代在新能源領域的長期前景。公司與多家全球車廠，如特斯拉、BMW、福斯、蔚來、理想汽車等建立穩定的合作關係，其電池技術包括CTP（Cell to Pack）、磷酸鐵鋰、三元鋰電池等皆處於國際領先水準。此外，寧德時代亦積極推動海內外產能佈局，在德國、印尼與匈牙利等地設廠，展現其國際市場的深耕企圖。

總體來看，寧德時代此番赴港上市不僅是資本擴張的舉措，更是其向全球市場展示企業實力與戰略眼光的重要里程碑。在新能源轉型浪潮席捲全球之際，寧德時代的動態無疑備受關注，也將對全球電動車產業鏈產生深遠影響。

Contemporary Amperex Technology Co., Limited (CATL) is one of China’s most prominent lithium battery manufacturers and currently stands as the global leader in the electric vehicle (EV) power battery market. Founded in 2011 and headquartered in Ningde, Fujian Province, CATL specializes in the research, development, production, and sales of lithium-ion batteries. Its core business spans across electric vehicles, energy storage systems, and battery recycling. With its strong technological capabilities and large-scale production advantages, CATL has rapidly emerged over the past decade, becoming not only a flagship enterprise in China’s new energy sector but also a critical player in the global battery supply chain.

According to the latest reports, CATL is set to officially list on the Hong Kong Stock Exchange next week. The IPO is expected to raise up to $5 billion USD, which could make it the largest global initial public offering (IPO) of 2025 if fully subscribed. This move is seen as a strategic step in CATL’s international capital expansion, especially significant amid escalating technological competition between China and the United States. Choosing Hong Kong as a listing venue underscores the company’s ambition to align itself with international financial markets while remaining within the sphere of Chinese regulatory reach.

The upcoming Hong Kong listing will be conducted through the issuance of H-shares, and is anticipated to attract a large number of investors from Asia and Europe. However, it is noteworthy that due to financial regulations and investment restrictions between China and the U.S., investors within the United States will be unable to directly participate in this IPO. These limitations are largely tied to recent U.S. sanctions and scrutiny targeting Chinese high-tech firms, reflecting the broader geopolitical tensions that continue to shape global capital flows.

Despite these restrictions, market analysts remain optimistic about CATL’s long-term prospects in the new energy sector. The company maintains stable partnerships with several major global automakers, including Tesla, BMW, Volkswagen, NIO, and Li Auto. Its technological offerings—such as Cell to Pack (CTP) architecture, lithium iron phosphate (LFP), and nickel-cobalt-manganese (NCM) batteries—are considered world-leading. Additionally, CATL is actively expanding its manufacturing footprint both domestically and abroad, with new facilities being established in Germany, Indonesia, and Hungary, signaling a strong commitment to global market development.

In summary, CATL’s forthcoming IPO in Hong Kong represents more than a financial maneuver—it marks a significant milestone in its strategic globalization. As the global transition to renewable energy accelerates, CATL’s actions are closely watched, and its role in the EV supply chain is poised to influence the industry at large.