Shares in CATL, the world’s leading maker of electric batteries, will start trading in Hong Kong on May 20, after a $4.6 billion IPO that’s the world’s largest this year so far.
The Chinese battery manufacturer supplies automakers like Tesla, and Volkswagen, as well as Chinese startups like Nio, making it a key part in the global electric vehicle supply chain. Tomorrow’s trading performance will show global investor appetite for one of China’s most successful manufacturers as trade tensions between Washington and Beijing spark unprecedented market volatility.
