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SHE:300750

51 stories mentioning SHE:300750Updated 2d ago

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Asia

Market Chatter: CATL-Stellantis Gigafactory in Spain to Employ 1,000 Chinese Workers During Construction

The Contemporary Amperex Technology (SHE:300750, HKG:3750) and Stellantis joint venture gigafactory in Aragon, Spain, will employ an average of 1,000 Chinese workers during its construction phase, Reuters reported Monday, citing regional president Jorge Azcon.Currently, 500 workers are on site. These include 172 Chinese specialists in design and management roles, with numbers expected to peak at 1,700, according to the report. The joint venture, named Contemporary Star Energy, will train 4,000 local Aragonese workers to staff the plant at full capacity.Production has been postponed to begin in the first months of 2027 from the initial forecast of end-2026, Reuters wrote.(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.)

HKG:3750SHE:300750
Asia

Jefferies Adjusts Contemporary Amperex Technology's Price Target to 535 Yuan From 522 Yuan, Keeps at Buy

Contemporary Amperex Technology (SHE:300750) has an average rating of buy and mean price target of 592.83 yuan, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

SHE:300750
Asia

CXMT Debut Drives China Equities Rally; MaxOne Semiconductor Suzhou Up 8%

Chinese shares closed higher on Monday, as the blockbuster debut of memory chipmaker ChangXin Memory Technologies (SHA:688825) or CXMT, revived investor sentiment and reassured markets despite initial fears of a liquidity drain.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 1.2% higher to 3,858.25. The Shenzhen Component Index jumped 2.7% to 14,148.73.CXMT jumped as much as 535% to 55.03 yuan per share on its first day of trading on the Shanghai bourse. The stock eventually closed at 49.00 yuan apiece, up 466% from the chipmaker's initial public offering price of 8.66 yuan apiece.The rally made CXMT the most valuable stock in China, according to FactSet data. Previously it was Contemporary Amperex Technology (SHE:300750) or CATL in Shenzhen and Industrial and Commercial Bank of China (SHA:601398) or ICBC in Shanghai.The debut, following Asia's biggest IPO this year, provided a much-needed boost to a market that had lost over $1.5 trillion in value earlier in July amid tech selloffs and geopolitical tensions, ETMarkets reported.In other company news, MaxOne Semiconductor Suzhou (SHA:688809) plans to use 1.03 billion yuan in excess initial public offering proceeds to fund two probe card manufacturing projects, while postponing the usable state date of its Nantong research and development and production facility to December 2027 from November 2026. Shares of the semiconductor testing company rose 8% Monday.

Shanghai Composite^SZSESHA:601398SHA:688809SHA:688825SHE:300750
Asia

CXMT Closes 466% Higher in Shanghai Debut

ChangXin Memory Technologies (SHA:688825) or CXMT closed at 49.00 yuan per share on its first day of trading on the Shanghai Stock Exchange.This marked a jump of 466% from the chipmaker's initial public offering price of 8.66 yuan per share.CXMT is now the most valuable stock in China, according to FactSet data. Previously it was Contemporary Amperex Technology (SHE:300750) or CATL in Shenzhen and Industrial and Commercial Bank of China (SHA:601398) or ICBC in Shanghai.

SHA:601398SHA:688825SHE:300750
Asia

CATL's Unit Proposes 5 Billion Yuan Bond Issuance; Shares Up 5%

Contemporary Amperex Technology's (SHE:300750, HKG:3750) unit, Guangdong Brunp Recycling Technology, proposed to issue bonds of up to 5 billion yuan, according to a Shenzhen bourse filing on Saturday.The battery maker's Shenzhen shares jumped 5% during Monday's morning trade.The term and interest rate of the bond are yet to be determined.Proceeds will be used to pay debt and supplement Brunp's working capital.

HKG:3750SHE:300750
Asia

CATL Issues 8 Billion Yuan in Green Bonds; Shenzhen Shares Up 4%

Contemporary Amperex Technology or CATL (SHE:300750, HKG:3750) issued 8 billion yuan worth of green technology bonds across two tranches, according to a weekend filing with the Shenzhen bourse.The first tranche amounted to 7 billion yuan with a coupon rate of 1.52% and a five-year term, maturing July 24, 2031. The issuer retains the option to adjust the coupon rate at the end of the third year.The second tranche was worth 1 billion yuan, carrying a coupon rate of 1.58% and a five-year term, also maturing on July 24, 2031.Bank of China (SHA:601988, HKG:3988) served as the lead underwriter and bookrunner for the issuance.The battery maker's Shenzhen shares jumped 4%, while its Hong Kong shares rose marginally Monday morning.

HKG:3750SHE:300750
CATL's First-Half Profit Jumps 42%; Plans Up to 40 Billion Yuan Buyback
US Markets

CATL's First-Half Profit Jumps 42%; Plans Up to 40 Billion Yuan Buyback

Contemporary Amperex Technology (SHE:300750, HKG:3750) disclosed plans to buy back up to 40 billion yuan worth of shares after posting a double-digit jump in earnings for the first half of the year on strong demand for its energy storage products.First-half net attributable profit jumped 42% to 43.3 billion yuan from 30.5 billion yuan a year earlier.Earnings per share climbed to 9.51 yuan from 6.92 yuan, according to a Hong Kong bourse filing after-market hours on Friday.Revenue jumped 55% to 276.9 billion yuan from 178.9 billion yuan due to strong demand for new energy vehicle power and energy storage at home and overseas, the Chinese battery maker said.Electric vehicle battery systems accounted for 69.4% of CATL's overall revenue at 192.1 billion yuan. Domestic sales made up 68.5% of revenue at 189.8 billion yuan.CATL will distribute 1.411 yuan per share in ordinary interim dividends to all shareholders on record as of Aug. 13. The dividend will be paid out on Sept. 3.In a separate filing on Friday, the company disclosed plans to repurchase between 20 billion yuan and 40 billion yuan worth of shares in Shenzhen.CATL will repurchase shares at up to 573 yuan apiece. Based on the upper limit of 40 billion yuan, the company expects to buy back 69.8 million shares, representing 1.51% of its existing share capital.At an extraordinary general meeting on Aug. 12, shareholders will vote on a proposed bond issuance by CATL subsidiary Guangdong Brunp Recycling Technology to meet its production and operation needs and reduce debt.

HKG:3750SHE:300750
Asia

CATL Plans Up to 40 Billion Yuan Share Buyback

Contemporary Amperex Technology (SHE:300750, HKG:3750) plans to repurchase between 20 billion yuan and 40 billion yuan worth of shares in Shenzhen.The Chinese battery maker will repurchase shares for as much as 573 yuan apiece, according to a Hong Kong bourse filing after-market hours on Friday.Based on the upper limit of 40 billion yuan, the company expects to buy back 69.8 million shares, representing 1.51% of its existing share capital.CATL said the repurchased shares will be canceled.

HKG:3750SHE:300750
Asia

CATL's Profit Jumps 42% in H1 as Revenue Surges 55%

Contemporary Amperex Technology (SHE:300750, HKG:3750) posted a 42% jump in first-half attributable net profit to 43.3 billion yuan from 30.5 billion yuan a year earlier.Earnings per share climbed to 9.51 yuan from 6.92 yuan, according to a Hong Kong bourse after-market hours filing on Friday.Revenue jumped 55% to 276.9 billion yuan from 178.9 billion yuan due to strong demand for new energy power and energy storage, the Chinese battery maker said.CATL will distribute 1.411 yuan per share in dividends to shareholders on record as of Aug. 13.

HKG:3750SHE:300750
Asia

SDIC Power's Unit Ties Up With CATL to Set Up Venture for Yagen II Hydropower Station

SDIC Power's (SHA:600886) unit, Yalong River Hydropower Development, plans to establish a joint venture with Contemporary Amperex Technology (SHE:300750, HKG:3750) that will manage the construction of a 33.4 billion yuan hydropower station, according to a Shanghai bourse filing on Tuesday.The joint venture, to be named Yalong River Yagen Hydropower Development, will build the Yagen II Hydropower Station, which will have an installed capacity of 2.4 gigawatts and an estimated annual electricity generation of 8.65 billion kilowatt hours.CATL's Hong Kong shares rose 3%, while Shenzhen shares increased 2% during the midday trade.

HKG:3750SHA:600886SHE:300750
Asia

CATL to Invest in New Zealand Developer of Battery-Grade Graphite from Wood

Contemporary Amperex Technology (SHE:300750, HKG:3750) will invest in New Zealand-based CarbonScape, a company that converts wood to graphite for use in lithium batteries, according to a Monday press release.The world's largest battery maker and Hong Kong-based investment firm Lochpine Capital will invest a combined 20% worth about $28 million to produce battery-grade graphite using forestry byproducts, according to an investor presentation.CATL and CarbonScape will test the technology at CATL's facilities in China.

HKG:3750SHE:300750
CATL Invests in New Zealand Biographite Maker CarbonScape
US Markets

CATL Invests in New Zealand Biographite Maker CarbonScape

Contemporary Amperex Technology (SHE:300750, HKG:3750) or CATL has made a strategic investment in New Zealand-based bio-based graphite materials maker CarbonScape.Through the investment, the Chinese battery maker plans "to advance the commercial scale-up and deployment" of bio-based graphite materials for next-generation battery supply chains, CarbonScape and CATL said in a joint press release on Monday.The multi-year collaboration covers technology de-risking and scale-up, as well as strategic investment and financing.While the companies did not disclose the financial terms of the transaction, Bloomberg reported that CATL invested to acquire a 20% stake in CarbonScape.As part of the deal, CATL will also secure representation on CarbonScape's board, according to the press release.The partnership seeks to establish local graphite supply chains for automakers in the U.S. and Europe.CATL supplies batteries to major automakers, including Tesla, BMW, Mercedes-Benz, Volkswagen, Honda Motor (TYO:7267), Hyundai Motor (KRX:005380), NIO (HKG:9866, SGX:NIO) and Li Auto (HKG:2015).The companies noted that over 75% of graphite used in batteries comes from an oil-based feedstock. CarbonScape said its technology enables the production of battery-grade graphite from forestry by-products."What we have built at CarbonScape is the only proven pathway to produce battery-grade graphite from forestry residues, at target cost parity with conventional graphite and with a carbon-negative footprint. CATL's investment is the most powerful validation this technology could receive," said Vincent Ledoux-Pedailles, Chief Commercial Officer of CarbonScape.Hong Kong-based investment firm Lochpine Capital, which serves as the strategic offshore investment arm of CATL, has also made a strategic investment in CarbonScape."CarbonScape has developed a differentiated approach to graphite production using forestry by-products, and we are pleased to support the company alongside CATL as it advances its technology and commercialisation plans," said Blake Niu, Lead Partner at Lochpine Capital.

HKG:2015HKG:3750HKG:9866KRX:005380SGX:NIOSHE:300750TYO:7267
Asia

Market Chatter: Top Chinese Battery Makers Absent from Japan's Security Certification

None of China's major battery makers have received Japan's cybersecurity approval yet, despite an upcoming 2027 mandate requiring grid-connected storage equipment, Nikkei Asia reported on Wednesday.The certification process, managed by the Ministry of Economy, Trade and Industry and the Innovation Platform Agency, requires companies to submit checklists verifying basic security compliance, the news daily said.While rivals such as Tesla and SMA Solar already appear on the certified list, prominent Chinese firms, including Sungrow (SHE:300274), Huawei, BYD (HKG:1211, SHE:002594), and Contemporary Amperex Technology or CATL (SHE:300750), remain absent from the registry as of this week, the publication said.Sungrow, Huawei, BYD, and CATL didn't immediately reply to MTNewswire's request for comments.(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.)

HKG:1211SHE:002594SHE:300274SHE:300750
Asia

China's Battery Industry Introduces Supplier Payment Rules

The China Automotive Battery Innovation Alliance and the Zhongguancun Energy Storage Industry Technology Alliance on Monday jointly issued an initiative to standardize payment practices for power and energy storage battery suppliers.The initiative calls for materials and components to be accepted within seven working days where conditions are met, with payment terms calculated from the delivery or acceptance date, according to a statement published Monday on Shanghai Metals Market.CATL, CALB, and Sunwoda-all alliance members-committed to paying their suppliers for materials and parts within 60 days, The Standard reported Monday.China's Ministry of Industry and Information Technology backed the move and said 11 battery makers have responded to the initiative, according to state media Xinhua News.The ministry said it will coordinate across departments to address implementation issues swiftly, while promoting fair partnerships throughout the battery supply chain to keep the industry on a healthy, sustainable track.

Shanghai Composite^SZSEHKG:3750HKG:3931SHE:300207SHE:300750
Asia

Yongtai Tech Signs Sale Deal With CATL

Zhejiang Yongtai Technology's (SHE:002326) subsidiary, Zhejiang Yongtai New Energy Materials, signed a sale agreement with Contemporary Amperex Technology (SHE:300750, HKG:3750), according to a Shenzhen bourse filing on Friday.The fluorine fine chemicals manufacturer will supply CATL with electrolyte additive vinylene carbonate.The delivery is capped at 20,000 tons in 2027, and it will rise to 30,000 tons in 2028 and 40,000 tons in 2029.Yongtai's shares fell 4%, while CATL's Hong Kong and Shenzhen shares both dropped around 5% at the close.

HKG:3750SHE:002326SHE:300750
Asia

CATL Lists 2 Billion Yuan Tech Bonds in Shenzhen; Shares Fall 6%

Contemporary Amperex Technology (SHE:300750, HKG:3750), or CATL, on Friday listed 2 billion yuan in tech innovation corporate bonds due in June 2031 on the Shenzhen Stock Exchange.The bonds carry a coupon rate of 1.49% and feature a three-plus-two-year tenor, according to a Thursday filing on the Shenzhen bourse.Shares of the battery maker fell over 5% in Hong Kong and 3% in Shenzhen recently.

HKG:3750SHE:300750
Asia

CATL Expects Up to 20,000 Vehicles to Use Its Batteries, Manufacturing Chief Says

Contemporary Amperex Technology (SHE:300750, HKG:3750) forecasts up to 20,000 vehicles will carry its sodium-ion batteries in 2026, Chief Manufacturing Officer Ni Jun told Bloomberg Television in an interview Wednesday.The batteries could run in temperatures as low as 30 degrees Celsius, Ni said.Shares rose 2% in Shanghai but fell 1% in Hong Kong during afternoon trading on Thursday.

HKG:3750SHE:300750
Asia

Market Chatter: CATL Chair Sees EVs as Future AI Token Factories

Contemporary Amperex Technology (SHE:300750, HKG:3750), or CATL, Chairman Robin Zeng said electric vehicles could evolve into mobile AI generators, harnessing idle battery power and chips to produce data tokens, Bloomberg News reported Tuesday.During the World Economic Forum event in Dalian, China, Zeng said many Chinese EVs possess the energy and hardware to become "token factories" for large language models, 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.)

HKG:3750SHE:300750
Asia

CATL Launches Sodium-Ion Batteries, China Deliveries Set For September

Contemporary Amperex Technology (SHE:300750, HKG:3750) or CATL has unveiled TENER Sodium Energy Storage, a new sodium-ion battery product, in Munich, Germany, according to a press release on Monday.CATL will begin initial deliveries of the new product in China in September, with total shipments expected to reach 1 GWh by the end of the year.International deliveries are slated to begin in June 2027.CATL is positioning sodium-ion batteries as an alternative to lithium-based batteries, as sodium is over 1,000 times more abundant than lithium and more widely distributed, the company said.

HKG:3750SHE:300750
Asia

Market Chatter: China Lithium Futures Slide on Rumors of CATL Mine Reopening

Lithium futures on the Guangzhou Futures Exchange in China slid about 9% over the past two trading days following reports that Contemporary Amperex Technology's (SHE:300750, HKG:3750) Jianxiawo mine would restart in the second half after shutting down in 2025 due to permit issues, Bloomberg reported Monday.CATL's notice did not confirm when the mine would resume operations but could be a procedural measure related to land use, the report said, citing the Department of Natural Resources of Jiangxi, China.CATL did not immediately respond to a request for comment from.(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.)

HKG:3750SHE:300750

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