Opinion | In picking Hong Kong over New York, CATL’s IPO was a strategic move
CATL’s geopolitical moves, from spurning Wall Street to partnering Indonesia’s green transition, speak volumes about the future of competition
This approach underscores the growing multipolarity of global finance and technology, where innovation and capital flow freely outside traditional Western centres of gravity.
In avoiding Wall Street, CATL is hedging against the uncertainties tied to US-China tensions. With Washington increasing scrutiny over Chinese tech firms, particularly those involved in energy and critical infrastructure, raising capital in New York has become more political than financial. For CATL, it’s not just about raising money – it’s about charting a path of financial independence and resilience in a world of fragmented alliances.
This deep integration gives CATL a unique position within the EV ecosystem. Its clients are not merely customers; they are co-investors in CATL’s future. This translates into greater security of demand, faster deployment of new battery chemistries and an expanding global footprint. In an industry where scale and speed are decisive, CATL checks both boxes, and then some.