The world’s largest maker of EV batteries has applied for a secondary listing in Hong Kong, joining the ranks of Chinese companies looking to tap the city’s fundraising markets.

Chinese battery giant CATL started the application process on Tuesday to be listed in Hong Kong and named seven banks as overall coordinators, according to stock exchange filings. CATL said in another exchange filing dated Tuesday that it had appointed overall coordinators and listed seven financial institutions.

Chinese battery giant CATL has started the process to list in Hong Kong by lodging its filings with regulators in a deal that is expected to raise at least $5 billion, according to two sources with direct knowledge of the matter.