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SHE:002074

5 stories mentioning SHE:002074Updated 14d ago

Every FINWIRES story that references SHE:002074, newest first.

Asia

Market Chatter: Volkswagen in Advanced Talks with Gotion for Stake in Spanish Battery Plant

Chinese battery maker Gotion is in advanced talks to take a majority stake in Volkswagen's Sagunto battery plant, following site visits by Gotion's CEO Li ​Zhen, La Tribuna de Automocion reported on Monday, citing industry sources.The proposed joint venture would leave VW's PowerCo as a minority partner, while the factory remains critical for supplying VW's European EV production at Seat Martorell, Navarra, and Palmela, the Spanish trae publication said.Negotiations have progressed smoothly over months, though both companies have yet to officially confirm the deal, the report said.Volkswagen and Gotion did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SHE:002074
Asia

Gotion High-tech Projects Up to 323% Jump in H1 Profit

Gotion High-tech (SHE:002074) forecasted first-half attributable net profit of between 1.20 billion yuan and 1.55 billion yuan, compared with 366.7 million yuan the previous year.The 227% to 323% jump is attributed to non-recurring gains of between 1.1 billion yuan and 1.4 billion yuan, according to a Wednesday filing with the Shenzhen bourse.Basic earnings per share are expected to rise to 0.66 yuan to 0.85 yuan, versus 0.20 yuan last year.Shares of the battery maker rose 5% Wednesday.

SHE:002074
Asia

Gotion High-tech Q1 Profit Down 79%; Shares Slide 3%

Gotion High-tech (SHE:002074) posted first-quarter attributable net profit of 21.1 million yuan, down 79% from 100.6 million yuan the previous year.Earnings per share declined to 0.01 yuan from 0.06 yuan, according to a Wednesday filing with the Shenzhen bourse.Operating revenue went up 29% year over year to 11.7 billion yuan from 9.06 billion yuan.Shares of the battery maker were down 3% in recent trade.

SHE:002074
Asia

Gotion High-tech 2025 Profit Up 97%; Shares Down 3%

Gotion High-tech (SHE:002074) posted 2025 attributable net profit of 2.38 billion yuan, up 97% from 1.21 billion yuan the previous year.Earnings per share rose to 1.32 yuan from 0.68 yuan, according to a Wednesday filing with the Shenzhen bourse.Operating revenue went up 27% year over year to 45.1 billion yuan from 35.4 billion yuan.Shares of the battery maker were down 3% in recent trade.

SHE:002074
Asia

Market Chatter: Gotion Says Iran War Shifts Focus to New Energy

Gotion High-tech (SHE:002074) said the world is shifting its focus on green energy as the war in Iran made disruptions on the global oil supply, Bloomberg News reported Thursday, citing its founder and chairman.Chairman Li Zhen told Bloomberg Television in an interview that the world is "placing more emphasis" on new energy, such as solar and wind, with cost improvements in batteries enabling governments to become more self-sufficient and not reliant on fossil fuel "from a few countries", the media outlet said.Li predicted that the demand for energy storage systems will jump five times higher than electric vehicles as artificial intelligence becomes more rampant in the long run, giving more opportunities for the battery maker's expansion, Bloomberg said.Data from the China Passenger Car Association showed a doubling of China's electric and hybrid vehicle exports, showing industries and consumers looking for energy supply alternatives, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SHE:002074

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