On August 5, according to the announcement on the website of the China Securities Regulatory Commission, China Innovation Aviation Technology Co., Ltd. (“CALB”) received the official reply from the China Securities Regulatory Commission on its H-share listing application (“Dalutiao”). This means that the company has been approved to issue shares overseas. It can be seen that the relevant patent litigation disputes have not had a substantial impact on the company’s IPO process in Hong Kong. Based on past experience, CALB will soon submit an application for hearing to the Hong Kong Stock Exchange after obtaining the approval from the China Securities Regulatory Commission.
CALB was approved by the China Securities Regulatory Commission and listed in Hong Kong!
According to public information, CALB is an outstanding new energy technology company in the world, mainly engaged in the design, research and development, production and sales of power batteries and energy storage system products. According to Frost & Sullivan, CALB ranks second among third-party power battery companies in China and seventh among global power battery companies in terms of installed capacity in 2021, and is the world’s fastest-growing core power battery company one.
In recent years, the installed capacity of CALB has doubled and the market has been continuously expanded. At present, CALB’s customers in the passenger car market mainly include major OEMs such as GAC, Xpeng, Changan, Leapmotor, Geely, Hechuang, Dongfeng, and Honda. In addition, CALB is also accelerating the development of the international market. For example, the electric version of Smart, which has been sold very recently, is the main battery supplier of CALB.
Looking forward to the future, the global new energy vehicle market will continue to grow. As one of the most critical components of new energy vehicles, the market size of power batteries will also expand rapidly. As a power battery production and research company, CALB will also usher in huge market opportunities. At this time, it is listed in Hong Kong. With the help of the capital market, CALB will further increase its market share by virtue of its leading advantages such as outstanding technology and products.