Chinese Electric Vehicle Battery Maker CATL's Successful Hong Kong Trading Debut
China's leading electric vehicle battery maker, Contemporary Amperex Technology Co. Ltd. (CATL), raised $4.6 billion in its Hong Kong trading debut, showcasing the company's dominance in the EV battery market. CATL controls over a third of the global market and has partnerships with Tesla and Ford. Despite U.S.-China tensions, international investors showed strong interest in CATL stock.