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Co-founder of Chinese EV battery giant pockets US$239 million windfall from 1% stake sale

Huang Shilin, co-founder of CATL, sold a 1% stake in the company for US$239 million amid a share rally. Despite the sale, he retains over 9% ownership. CATL's shares rose 46% this year, driven by technological advancements and global expansion. The company plans to open a new factory in Hungary by 2025. Huang, ranked 23rd wealthiest in China, recently stepped down from his role at CATL.

南华早报·
SZ
300750
-1.38%
HK
03750
-4.10%
南华早报·
SZ
300750
-1.38%
HK
03750
-4.10%

Zeng Yuqun: Not only to be the world's number one, but also to earn the world's respect

CATL Chairman Zeng Yuqun delivered a speech at the 15th Gaogong Lithium Battery Annual Conference 2025, emphasizing that China's lithium battery industry should not only become the world's number one but also achieve high-quality development to earn global respect. He pointed out the lack of innovation in the industry, called for adherence to long-termism, promoted high-quality development, and highlighted the importance of the lithium battery industry in the energy transition

Wallstreetcn·
SZ
300750
-1.38%
HK
03750
-4.10%
Wallstreetcn·
SZ
300750
-1.38%
HK
03750
-4.10%