A global leader in the sector, CATL produces more than a third of all electric vehicle (EV) batteries sold worldwide.

Shares in CATL, the world’s largest maker of batteries for electric vehicles, jumped about 13% Tuesday in its Hong Kong trading debut after it raised about $4.6 billion in the world’s largest initial public offering this year.

China's CATL makes more than a third of electric vehicle batteries sold worldwide and also supplies VW and Toyota.