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The Independent UK
The Independent UK
National
Kanis Leung

Shares in China's CATL, world's biggest EV battery maker, surge in Hong Kong after $4.6 billion IPO

CATL Hong Kong IPO China United States

Shares in CATL, the world’s largest maker of batteries for electric vehicles, jumped about 13% Tuesday in its Hong Kong trading debut after it raised about $4.6 billion in the world’s largest initial public offering this year.

The solid reception for Chinese company, Contemporary Amperex Technology Co., in Hong Kong suggests there is still an appetite among international investors for leading Chinese manufacturers despite trade tensions between Beijing and Washington.

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