CATL shares surge 13% on first day of Hong Kong listing, biggest IPO deal of 2025

CATL, a leading EV battery manufacturer, witnessed its shares surge over 13% during its Hong Kong stock market debut, raising $4.6 billion. This marks the largest IPO globally this year, fueling CATL’s expansion in Europe with new factories and partnerships. Despite U.S. concerns and allegations of military ties, which CATL denies, the listing proceeded, strategically excluding U.S. investors.