Tuesday, May 20, 2025
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CATL sees Hong Kong shares jump in world’s biggest IPO this year

Chinese electric vehicle battery maker CATL raised at least $4.6 billion when it debuted on the Hong Kong stock exchange this Tuesday. The firm founded in 2011 is the world’s largest producer of EV batteries in market share and is accused by the US department of defence of having ties with China’s military. Also, Brazil confirms its first outbreak of avian flu and faces trade bans from China and the EU among other places.

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