Leading electric vehicle (EV) battery manufacturer Contemporary Amperex Technology Co. Ltd. $3750 (-2,9%)announced on January 5, 2026 that it had repurchased nearly 16 million of its Shenzhen-listed A-shares on the open market by the end of last year, representing 0.36% of its total outstanding Shenzhen-listed shares.
CATL said it paid between 231.5 yuan and 317.63 yuan per share, representing a total issuance of 4.39 billion yuan (628 million US dollars). The company stated that the shares acquired through the buyback will be used for its stock option programs and employee stock ownership plans.
The company's board approved the plan in April last year, authorizing the use of 4 to 8 billion yuan over a 12-month period for the buyback of its Shenzhen-listed shares through centralized bidding.