Contemporary Amperex Technology, which does not make cars, is crazy about investing in car companies | Jianzhi Research.

Contemporary Amperex Technology, which has repeatedly publicly announced that it will not produce autos, is increasing its investment in auto manufacturers. Recently, Zhiji Auto, a subsidiary of SAIC, welcomed a new round of financing. The new shareholders not only include the five largest banks' investment companies such as ICBC and Agricultural Bank of China, Shanghai State-owned Assets Supervision and Administration Commission and other top institutions, but also the leading power battery company Contemporary Amperex Technology participated in this capital increase. Since 2018, Contemporary Amperex Technology has invested in 9 new energy auto companies. What impact will the continuing expansion of this "friends circle" have on Contemporary Amperex Technology and related electric vehicle institutions? 1. Contemporary Amperex Technology has invested in nearly 10 new energy vehicle institutions. Now, coupled with Zhiji Auto, Contemporary Amperex Technology has

wallstreetcnJun 25 03:58 ET

Nomura BYD in-depth report: Hybrid will be the next breakthrough, and this year's 'going global' revenue ratio will exceed 20%.

Nomura has released a deep report on BYD Company Limited, forecasting that hybrid cars will surpass pure electric cars as the main driver of growth, with a target price raised to 312 yuan, and overseas market revenue expected to account for more than 20%.

wallstreetcnJun 24 03:41 ET

HSBC's attitude is clear: BYD has "huge potential for growth" while Tesla is "maintaining shareholding"!

The bank believes that Tesla is on the path of "difficult reality return", while BYD has a strong technical reserve and can continue to lead the new energy autos market.

wallstreetcnJun 19 23:02 ET

The "Soft and Hard Integration" strategy drives the core value enhancement, and Softtek is selected as a constituent of the SZSE 50 Index.

Peking, June 14, 2024 / PRNewswire / - According to a notice released by the China Securities Index Co., Ltd. earlier, the core index sample of SZSE will be adjusted every half year according to the index compilation rules. This adjustment involves core indices such as Shenzhen Component Index, Chinext Price Index, SZSE 100 Price Index, SZSE 50 Price Index, and Shenzhen Main Board 50 Index. Among them, Softing Technology (301236.SZ) was included in the SZSE 50 Index and will take effect after the market closes on June 17, 2024. Previously, Softing Technology had been selected for the Shenzhen Component Index, Chinext Price Index, SZSE Chinext 50 Index, CSI 500 Index, SZSE High-Quality Disclosure, and SZSE CSR Index.

PR NewswireJun 14 05:57 ET

EU Tariffs on China EVs: Who Are the Winners and Losers?

BloombergJun 13 08:01 ET

Li Yunfei of BYD: corporate competition is like playing cards, one should act according to their ability and not destroy the rules because of temporary gains and losses.

During June 6th and June 8th, Li Yunfei, the General Manager of Brand and Public Relations Department of BYD Company Limited, delivered a speech at the 2024 China Auto Chongqing Forum (CACS2024). Li Yunfei pointed out that in terms of price wars, companies should act according to their abilities due to their different sizes and situations. He looked back at the past two years, during which many auto companies, including BYD, had to raise prices due to the reduction of subsidies and the increase in raw material costs. However, with the decrease in raw material prices, price reductions are now possible. As for consumers, he emphasized that companies should not fool consumers, but should provide better services.

wallstreetcnJun 7 12:21 ET