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World's biggest EV battery maker sees shares jump on debut

CATL, the world's largest EV battery maker, successfully debuted on the Hong Kong Stock Exchange, raising $4.55 billion in the year's biggest IPO. Shares surged over 10% upon opening. Despite US concerns regarding national security and ties to China's military, which CATL denies, the company's impressive growth, fueled by its innovative fast-charging battery technology and partnerships with major automakers like Tesla and Stellantis, continues. CATL's Hong Kong listing signals its global ambition.

Prepared by Christopher Adams and reviewed by editorial team.

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