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Contemporary Amperex Technology Co. (CATL), the world's largest EV battery maker, saw its Hong Kong shares surge over 16% on its debut. The secondary listing raised over $4.5 billion, making it the world's largest IPO of 2025, surpassing offerings from Venture Global and CoreWeave. CATL, a Tesla supplier, benefited from investor confidence in the electric vehicle market. Funds raised will primarily support a new plant in Hungary.

Prepared by Christopher Adams and reviewed by editorial team.