Shares in China’s Contemporary Amperex Technology (CATL), the world’s largest electric vehicle battery maker, have surged as much as 18% on its first day of trading in Hong Kong, shrugging off geopolitical uncertainties.

CATL is foraying into global markets amid growing trade tensions between the U.S. and China, which have sent markets careening over the past several weeks.

Shares of Contemporary Amperex Technology Co., or CATL, soared more than 16% in their Hong Kong trading debut Tuesday after the Chinese electric vehicle battery maker raised more than $4.5 billion in the world's largest listing this year.

With total assets of $53.7 billion, FWD Group has launched its fourth IPO attempt in Hong Kong, tapping into surging investor interest following battery giant CATL’s landmark listing.

Shares in Chinese battery giant CATL soared more than 18 percent on its Hong Kong debut on Tuesday after raising HK$35 billion in the world's

Contemporary Amperex Technology Co., the world’s largest maker of electric batteries, saw its shares rise as much as 18% on Tuesday after raising $4.6 billion in the top initial public offering of the year — and it mostly excluded Americans from participating.

It is closed at HK$287 on Phillip's grey market, 9.1% higher than the grey market's IPO price of HK$263. Based on 100 shares per lot, excluding handling fees, the book value gain per lot is HK$2,400.

The company secured offtake agreements from Europe and the United States but did not specify which firms were looking to procure the EV batteries produced through theproject.