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world’s biggest maker of electric-vehicle batteries went IPO

Shares of the world’s biggest maker of electric-vehicle batteries jumped on their trading debut as investors bet on rising demand for new-energy cars worldwide.

Contemporary Amperex Technology Ltd. rose by the maximum 44 percent to 36.20 yuan at 10:17 a.m. in Shenzhen, China, valuing the company at about $12.3 billion. The manufacturer sold a 10 percent stake at 25.14 yuan a share in its initial public offering on May 30.

More www.bloomberg.com/amp/news/articles/2018-06-11/biggest-electric-vehicle-battery-maker-soars-on-trading-debut

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