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.

Contemporary Amperex Technology Co. Ltd. jumped in its Hong Kong trading debut after the Chinese battery giant wrapped up the world’s biggest listing this year by raising HK$35.7 billion ($4.6 billion) despite being blacklisted by the Pentagon and grinding through geopolitical storms.

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.

The world’s largest EV battery maker just shook the global financing stage with its IPO in Hong Kong. CATL, or Contemporary Amperex Technology Co., Ltd., saw its shares surge 16% on Tuesday, raising $4.

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.