CATL shares hit record high, market cap tops Moutai

Shares of Chinese electric vehicle battery giant CATL (3750) reached record highs in both Hong Kong and mainland markets, briefly pushing its total market capitalization to around 1.84 trillion yuan (HK$2.01 trillion).

That has also surpassed 1.8 trillion yuan of Chinese liquor giant Kweichow Moutai.

The surge has reportedly positioned CATL as the fifth-largest company by market value on the A-share market.

In Hong Kong, CATL’s H-shares once tipped a record high of HK$535.5, more than doubling from its May IPO price of HK$263.

An investor holding one board lot or 200 shares since listing would have seen a paper gain of over HK$27,000.

In mainland trading, its A-shares rose to an intraday high of 402.59 yuan.

CATL’s market capitalization stands at around 1.79 trillion yuan as of 15.30.

CATL’s shares rose 4.6 percent to HK$529 in Hong Kong in the afternoon.