World's biggest EV battery maker CATL's shares soar over 16% in Hong Kong debut
Shares in Contemporary Amperex Technology Company (CATL) — the world's largest electric vehicle battery maker — soared more than 16% in the world's biggest IPO this year in a secondary listing in Hong Kong. CATL, already listed in Shenzhen, has 13 battery manufacturing bases globally. The firm plans to use the IPO funds raised for the construction of its EV battery production factory in Hungary. May Wong reports.
Shares in Contemporary Amperex Technology Company (CATL) — the world's largest electric vehicle battery maker — soared more than 16% in the world's biggest IPO this year in a secondary listing in Hong Kong. CATL, already listed in Shenzhen, has 13 battery manufacturing bases globally. The firm plans to use the IPO funds raised for the construction of its EV battery production factory in Hungary. May Wong reports.
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