Annual Union Battery Manufacturer is an increasing stock in Hong Kong after $ 4.6 billion IPO

Hong Kong (AP) – Stocks in Catl, The world’s largest battery manufacturer For the electric vehicles, jumping about 13% Tuesdays in Hong Kong’s trade after it raised about $ 26 billion this year.

Hard hospitality for Chinese companies, Glongkking Company now, in Hong Kong: There is a musical appetite among Chinese manufacturers

It sells more than 135 million shares at their top offering price, Hong Kong ($ 33.6) each. Its stocks increase after they start trading at 296 Hong Kong dollars ($ 37.30.80.80.80), above their offer prices. They are about 13% at midday.

Catl also has a share as stated in Shenzhen, a business hub in Hong Kong. They have originally fallen but then up 0.1% on Tuesday.

The Catl has held nearly 38% market market for EV battery by 2024, its listing. It offers to automatically, Volkswagen, BMW, Mercedes-Benz, Ford, toyota and Honda.

The company faced by US in January, the US Department has added to the company account mentioned at the Chinese military, The allegations at Catl rejected. It’s called an incorporation of error “.”

In April, Joh Moonlennaar, President of the United States Commission, write to the CEO of JPMorgan Chase & Coo. But two banks are.

In the US, Ford Motor Co. Worry That Chinese companies can benefit from US dollars.

The stock excluded the United States investors have many American Institute in Institute of Americans with offshore accounts that help them participate.

The company says it plans to use net steps from IPO to build its factory, means to make it close to his main generation.

Records 55.3 yuan ($ 7.6 billion ($ 7.6 billion) in 2010 each year, according to the largest capital pre-IPO

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The writer associated with Damian Troise Indians newspaper in New York and Didi Tang in Washington contributed to this report.