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Euronews
Euronews
Doloresz Katanich

Blacklisted in the US, Chinese battery giant raises billions in Hong Kong trading debut

CATL United States Hong Kong Tesla Inc. Robin Zeng

China’s Contemporary Amperex Technology Co. Ltd. (CATL), the world’s biggest electric vehicle battery maker, saw its shares soar on the first trading day in Hong Kong after the company made its debut there on Tuesday. 

The secondary listing of CATL’s shares raised at least $4.6 billion (€4.08bn) for the company, which already has its A-shares traded in mainland China, in Shenzhen. 

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