CATL, the world’s largest maker of electric-vehicle batteries, is expanding production, while Honda is cutting spending plans. Oddly, both stocks are up.

The reception suggests investors still have an appetite for Chinese companies despite trade tensions with the United States.

By Scott Murdoch and Julie Zhu HONG KONG (Reuters) -Shares of Chinese electric vehicle battery giant CATL traded as much as 18.4% above the subscription price on Tuesday after the company raised $4.6 billion in its Hong Kong listing,