NEW YORK — Chinese battery makers are targeted for new restrictions in the U.S. under legislation that would bar the Homeland Security Department from procuring clean energy technology made by six companies. The House of Representatives passed the “Decoupling from Foreign Adversarial Battery Dependence Act” last week. The bill advances to the Senate, where it likely…
CATL and BYD‘s combined EV battery installations in January amounted to 35.9 GWh, or 55.8 percent of the 64.3 GWh worldwide. The top 10 also included China’s CALB, Gotion High-tech, Svolt Energy, and Eve Energy. CATL (SHE: 300750) and BYD (HKG: 1211, OTCMKTS: BYDDY) remained the world’s 2 largest makers of electric vehicle (EV) batteries…
A slew of Chinese companies are eyeing initial public offerings (IPOs) in Hong Kong, riding on the stock market impetus provided by artificial intelligence (AI) start-up DeepSeek. AICT, a Beijing-based AI solutions provider, aims to raise about US$200 million from a Hong Kong IPO, according to sources familiar with the matter. AICT, whose products are…
Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at [email protected] or filling in this Google form. Submissions should not exceed 400 words, and must include your full name and address, plus a phone number for verification RedNote, the Chinese social…
When President Xi Jinping brought together China’s most prominent entrepreneurs for a high-profile symposium, markets and industry observers the world over were watching. News of the symposium had garnered a great deal of attention, as such a meeting had not taken place since late 2018. In the years after that gathering, a series of seismic…
Global investors are “massively underinvested” in China, and as an exporter of capital and technology, the country will continue to create new business opportunities in Southeast Asia despite deglobalisation, panellists said at a South China Morning Post conference on Monday. “The world is waking up to the fact that China’s [technological] advancement is really spectacular,…
Hong Kong’s financial regulators have pledged to ease listing requirements for mainland Chinese companies, as they eye the city’s stock market as a source of funding to support their global ambitions. The market watchdog and the bourse operator would unveil proposed revisions later this year, aiming to lower the fundraising threshold, optimise market structure and…
Contemporary Amperex Technology, mainland China’s biggest producer of electric vehicle (EV) batteries, has been shrewd in seizing the opportunity presented by the stock market upswing to tap foreign investors for fresh capital, according to industry executives and analysts. CATL, as the company is known, is eager to replenish its coffers through a first-time Hong Kong…
CATL continued to be the world’s largest power battery manufacturer in 2024, with a 37.9 percent share above the 36.6 percent in 2023. BYD‘s share of 17.2 percent in 2024 was also higher than the 15.9 percent in 2023. CATL (SHE: 300750) continued to be the world’s largest power battery maker in 2024, followed by…
BEIJING (Reuters) – Chinese battery manufacturer CATL (300750.SZ) said on Thursday it plans to seek a listing in Hong Kong, a Shenzhen Stock Exchange filing showed. CATL plans to issue offshore H-shares and apply for a listing on the main board of the Hong Kong Stock Exchange, it said in the filing. CATL’s board has…