The bell ringing ceremony for CALB's listing is held in Changzhou, Jiangsu province, on Oct 6. [Photo provided to en.blycjd.com]
CALB – a high-tech enterprise based in the Wuhan Economic & Technological Development Zone (WEDZ) and specializing in the development, production, sale and market application of lithium batteries, battery management systems and related integrated products and lithium battery materials – was successfully listed on the Hong Kong Stock Exchange on Oct 6.
The firm has become the first power cell firm to go public in the Hong Kong stock market. As a leading Chinese enterprise in the power cell field, CALB has completed its layouts in the Yangtze River Delta region, the Greater Bay Area, and Southwest and Central China.
Its Wuhan base for power cells and energy storage systems is one of seven domestic industrial bases. In 2021, Wuhan Economic Development Investment Co invested in the company and is currently holding 49 percent of its shares.
The construction of the Wuhan base is divided into four phases, with the first two involving a total investment of 10 billion yuan ($1.41 billion). The base is expected to produce power cells for more than 500,000 new energy vehicles annually after it is completed and operating at full capacity.
