It is reported that power battery giant Ningde Times is considering listing on the Hong Kong Stock Exchange, which is scheduled for next year at the earliest.

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, Nov. 22, according to IFR (International Financial Review), Chinese electric vehicle battery giant Ningde Times New Energy Technology Co., Ltd. is considering listing on the Hong Kong Stock Exchange, according to people familiar with the matter.

The gem-listed company has held internal and external discussions with financial advisers on a potential listing, possibly as early as next year, according to two people familiar with the matter.

Citic Capital, China International Capital Corporation, Goldman Sachs and UBS arranged 45 billion yuan of A-share private placement in the Ningde era last year and are expected to list in Hong Kong if the deal continues, according to people familiar with the matter.

Ningde didn't respond to emails seeking comment.

According to previous reports by CTOnews.com, according to the latest data released by the China Automotive Power Battery Industry Innovation Alliance, the number of cars loaded with power batteries in China in October increased by 28.3% year-on-year and 7.6% month-on-month.

Ningde era's cumulative load of power batteries in October was 16.78GWh, ranking first with a share of 42.81 per cent, up 3.4 percentage points from 39.41 per cent in September.