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Shares of CATL, Tesla's battery supplier, soar 13% on Hong Kong debut, raising $4.6B for European expansion.
CATL, the world's largest battery maker and a key supplier to Tesla, saw its shares rise by over 13% on its debut in Hong Kong.
The company, which is already listed in Shenzhen, raised $4.6 billion through the IPO, one of the largest this year, to fund its European expansion, including a $7.6 billion battery plant in Hungary.
The surge reflects investor optimism amid the electric vehicle boom.
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Las acciones de CATL, el proveedor de baterías de Tesla, suben un 13% en su debut en Hong Kong, recaudando $4.6B para la expansión europea.