CATL Shrugs Off US Blacklisting for Hong Kong Debut (Correct)

A Pentagon blacklisting, US congressional scrutiny and a global trade war haven’t been enough to stop the world’s largest maker of electric-car batteries from completing the globe’s biggest listing so far this year.

Contemporary Amperex Technology Co. Ltd., or CATL as the Chinese battery giant is better known, is set to start trading in Hong Kong on Tuesday after raising $4.6 billion. The stock was sold at HK$263 a piece — the maximum price the shares were marketed at — and the size of the sale was increased 15% to meet demand.

A first-generation CATL Intelligence Integrated Chassis (CIIC) during a test drive at the company’s research and development facility in Shanghai in April.

Photographer: Qilai Shen/Bloomberg

The strong interest came ...