A view of CATL headquarters in Ningde, East China's Fujian Province Photo: VCG. Shares of Chinese mainland leading battery manufacturer Contemporary Amperex Technology Co (CATL) c

China has become a global leader in electric cars and car tech, with one of the highest personal EV adoption rates in the world. But it's also ahead of everyone else when it comes to electric heavy-duty truck sales.

Shares of China battery giant CATL opened 12.5% higher than the subscription price on Tuesday after the company raised $4.6 billion in its Hong Kong listing, the largest of its kind in the world this year.

“This year, all CATL battery factories will achieve carbon neutrality,” Robin Zeng Yuqun, founder and chairman, said before the company’s debut on the Hong Kong stock exchange on Tuesday. “This listing signifies our deeper integration into the global capital markets and marks a new milestone in our mission to drive the global zero-carbon economy.”

Shares in China’s Contemporary Amperex Technology (CATL), the world’s largest electric vehicle battery maker, have surged as much as 18% on its first day of trading in Hong Kong, shrugging off geopolitical uncertainties.

Moderna stock soars as the FDA plans to stick to its existing process for updating Covid-19 shots for older adults and those at a high risk of severe illness, while Home Depot says it plans to keep prices unchanged despite new tariffs.

Shares of Contemporary Amperex Technology Co., or CATL, soared more than 16% in their Hong Kong trading debut Tuesday after the Chinese electric vehicle battery maker raised more than $4.5 billion in the world's largest listing this year.

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