Reported about 18 hours ago
Shares of CATL, the world's leading EV battery manufacturer, rose approximately 17% during its debut on the Hong Kong market after raising $4.6 billion in an IPO, the largest for the year. Despite ongoing U.S.-China trade tensions, international investors showed strong interest in the company, which holds a 38% market share in EV batteries globally and supplies major automakers. The proceeds from the IPO are set to fund a new battery factory in Hungary as CATL aims to enhance its role in the global zero-carbon economy.
Source: YAHOO