Chinese battery giant CATL is considering a secondary listing in Hong Kong, which is scheduled to be completed as early as the first half of 2025, and is expected to raise at least $5 billion, according to Bloomberg.

The move is aimed at further expanding its capital strength and enhancing its international competitiveness.

If successfully implemented, it would be one of the largest equity offerings on the Hong Kong market since early 2021, surpassing Midea Group's $4.6 billion fundraising in September.

However, the plan is subject to approval from China's securities regulator, and details are still being discussed.

CATL has not responded to the news at this time.