CALB listed on Hong Kong Stock Exchange

On October 6, SBCVC’s portfolio company CALB was listed on the main board of Hong Kong Stock Exchange under the stock exchange code "3931.HK".

CALB's Chairman Jingyu Liu and Mayor Lei Sheng of Changzhou Municipal People's Government in Changzhou, and Senior Vice President Ying Dai and Chairman Yu Jiang of Huatai United Securities Co., Ltd. in Hong Kong, opened a new chapter of CALB's listing and trading on Hong Kong Stock Exchange via video link. Guests from government, shareholders, investors, customers, supply chain partners, financial institutions, universities and research institutes, industry organizations and media witnessed the historic moment of the company's listing.

CALB is mainly engaged in the research, production, sales and market application development of power batteries, battery management systems, energy storage batteries and related integrated products and lithium battery materials. In 2021, CALB ranked third among domestic power battery manufacturers, after CATL (300750.SZ) and BYD (002594.SZ), and seventh in the global power battery industry.


Listing Ceremony in Changzhou


Listing Ceremony in Hongkong

Chairman Jingyu Liu said in her speech that the listing of CALB on the main board of Hong Kong Stock Exchange was an important milestone in the company's development history. With the firm belief of ‘Achieve greatness through win-win cooperation. Benefit mankind for a better world’ and the determined pursuit of ‘Create Win-Win. Achieve Greatness’, we are committed to driving the sustainable and healthy development of new energy industry with innovative ideas and leading technologies. We are full of confidence in the future development of the company, and we look forward to working with all friends who care about and support the development of the company, together with greatness.

Approximately 80.0% of the proceeds from the IPO will be used to fund the construction of new production facilities for the Chengdu Phase I Project, Wuhan Phase II Project, Hefei Phase I and II Project, Guangdong Jiangmen Phase I Project and Sichuan Meishan Project, total of 95 GWh of power battery and energy storage system production lines. Approximately 10% of the proceeds will be used for advanced technology research and development to maintain our technological leadership in batteries and production processes, and approximately 10% of the proceeds will be used for operation and general corporate purposes.

In the future, CALB will steadfastly follow the road of sustainable development, with innovative genes, technology-led and future-oriented strategic considerations, and with the cultural concept and pattern of ‘value creation’, together with all ecological partners, we will be friends of time, create maximum value, do our utmost to achieve the ‘double carbon goal’, and contribute to the creation of a harmonious coexistence, green and sustainable energy ecology and a better future for mankind.