日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Motoring

CATL mulls expansion overseas with US unit

By CHENG YU | China Daily | Updated: 2022-02-18 09:20
Share
Share - WeChat
A visitor looks at a CATL product on display during an expo in Shanghai. [Photo provided to China Daily]

Battery giant 'exploring the feasibility' amid fiercer domestic competition

China's largest battery supplier Contemporary Amperex Technology Ltd is planning to build a factory in the United States and is exploring domestic supply alternatives, as competition among new energy vehicle makers and battery providers becomes increasingly fierce given booming NEV sales and technological improvements.

Minutes of an internal meeting provided to China Daily showed that Robin Zeng Yuqun, chairman of CATL, told over 50 investors, including Hillhouse Group, Sequoia Capital, Tencent Holdings and Temasek Holdings, that the company is "exploring the feasibility of localizing in the US".

Zeng said the company has had plenty of interaction with US clients, including both traditional automakers and emerging vehicle manufacturers, and has explored with them the feasibility of supplies and cooperation, depending on product quality and cost that are to be reflected by worker training, efficiency and labor unions.

With over 10 production bases by the end of last year, CATL plans to boost the expansion of overseas bases as well as system construction, including the training of overseas employees, he said.

US technology, materials or equipment are not "directly "used in the company's battery production process, Zeng said. As for some chips used in power management systems of its battery units that come from the US, the company is "exploring domestic alternatives".

The meeting came after CATL denied and filed a complaint to the police on Saturday regarding malicious rumors about its businesses, including allegations it was seeking professional help to deal with US sanctions and had recently lost a deal with Tesla.

The share price of CATL sank over 17 percent last week. Shares started to recover this week, rising 0.79 percent to close at 535 yuan ($84.5) on Thursday.

"The decline of its share price reflected the market's concern over the potential decline of the company's future performance growth. Although its business has grown rapidly over the past two years, it is facing more and more competitors like BYD," said Gui Haoming, chief market analyst at Shenwan Hongyuan Securities.

Gui said the NEV market is now different from the past, which can be seen in the rising price of raw materials such as lithium.

"The decline of NEV subsidies becomes relatively clear, and they are likely to be canceled next year. In this case, there are market doubts about the future development prospects of NEVs, especially whether they can maintain high-speed growth," he added.

Zhang Xin, chief auto analyst of Guotai Junan Securities, said that performance from institutions, especially public and private funds, is one of the most critical factors affecting CATL's stock price.

Wind Info statistics showed that shares from funds in CATL reached a peak of 284 million shares in June last year. But their shares dropped to 265 million and 259 million, respectively, in the third quarter and the end of last year.

"From an industry perspective, it is very common for the share price of listed companies to fluctuate, but investors should pay close attention to the impact of NEV technologies on the listed companies of power batteries," Zhang said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产精品久久久久久久久久日本 | 国产超碰人人做人人爱 | 亚洲天天干 | a级黄色片视频 | 亚洲免费播放 | 久久草电影 | 91精品久久 | 国产激情在线观看 | 日韩欧美一区二区在线观看 | 国产一区久久 | 日本一区二区免费看 | 免费永久欧美性色xo影院 | 99久久国产综合精品女小说 | 中文字幕在线一区二区三区 | 黄色网址免费入口 | 久久草在线精品视频99 | 91国在线观看 | 久久久久久亚洲 | 色综合中文字幕天天在线 | 日韩高清一区 | 免费观看一级毛片 | 久久中文字幕一区二区三区 | 91久久国产综合久久 | 亚洲高清一区二区三区 | 成人精品一区二区三区校园激情 | 精品久久久爽爽久久久AV | 99久久99热久久精品免费看 | 边摸边吃奶边做激情叫床 | 波多野结衣a∨免费观看 | 天天综合色天天综合 | 日本99热| 精品久久久久一区二区三区 | 免费午夜视频在线观看 | 公么吃奶满足了我苏媚 | 国产高清在线精品免费 | 亚洲欧洲视频在线观看 | 欧美精品综合一区二区三区 | 色性综合 | 午夜黄色大片 | 日韩深夜福利视频 | 久久久久久免费一区二区三区 |