Contemporary Amperex Technology Co. Ltd. is guiding to price its Hong Kong share sale at the top end it had earlier indicated, according to people familiar with the matter, thanks to strong demand for the stock.

Chinese battery maker CATL is set to price its shares at HK$263 ($33.70) each in the company's Hong Kong listing, according to two sources with direct knowledge of the matter, raising at least $4 billion.

Contemporary Amperex Technology, the world’s largest electric vehicle battery maker, started taking investor orders on Monday for a listing in Hong Kong that could raise more than HK$31 billion ($4 billion).