China’s largest EV battery maker CATL celebrates strong debut at Hong Kong stock market

The world’s largest initial public offering (IPO) of the year got off to a sizzling start on May 20, 2025, with shares of China’s largest EV battery maker Contemporary Amperex Technology (CATL), trading at 12.5 per cent above the offer price of HK$263. The stock, which surged to HK$307.60 at the local noon trading break, raised HK$35.7 billion (US$4.6 billion) and propelled the Hong Kong stock market to the second spot in global rankings. CATL founder and chairman Robin Zeng Yuqun was on hand to mark the start of trading on his company’s debut at the Hong Kong stock exchange.