Chinese Catl sees that stock in Hong Kong is increasing by 17% in a boom of an electric car

The world’s largest battery manufacturer modern AMPEREX Technology has increased by 17% in Hong Kong’s debut on Tuesday.

Stocks were Trade in 309 Hong Kong dollars per piece On the Hong Kong Stock Exchange, compared to the original public sacrifice Cost HK 263 Dollars per share.

A IPO raised HK 35.7 billion ($ 4.6 billion) according to A The supply of the companyReported to do it the largest global list in 2025. CATL has already been listed on the Shenzhen Stock Exchange, where the shares still decreased by 2.26%, the LSEG data has shown.

Katl said in his submission to Hong Kong that 90% of the funds will go to build a future factory in Hungary aimed at supplying batteries to European automobile clients, including StellantisBMW and Volkswagen.

The Global Implies of the Company has coincided with expansion from leading Chinese EV manufacturers such as byd. However, these efforts reached a speed hit last year when the US and the EU are located Carrion tariffs The EVS made in China, citing unfair trade practices.

Earlier this year, Catl also found himself in the intersection of US and China tensions, and the Pentagon posted it on the clock list in January due to suspicion with the Chinese military personnel.

In March, CATL has posted by 9.7% drop in annual 2024 incomeHe was hit by intensive competition in the Chinese electric vehicles, which put pressure on the main battery manufacturer in the world. However, the company’s net profit increased by 15% a year.

Demand for electric cars in China, Catl critical market, gained strength last year at the back of the subsidies and consumer stimulation. EV sales in China rose to 11 million in 2024 – an increase by 40% compared to the previous year’s research firm Ru Shown.

“We are a great believer and an investor in Catl in our Global EV strategy. It’s just phenomenal, it is” a proper company “, in my opinion, together with Byd for investors in space,” said Brandan Agen, Chief Investment Director in Kraneras.

Bank of AmericaChina International Capital Corporation, Goldman Sachs, Morgan Stanely, Jpmorgan chase was Joint leading highways for Hong Kong’s offer.