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Lithium battery companies face obstacles in going overseas! Shanghai Putailai's investment of 0.1 million tons in Anode Material in Sweden was rejected, and plans to appeal will be proposed | Quick read the announcement.
① Shanghai Putailai New Energy Technology plans to terminate the implementation of the 0.1 million ton Anode Material integrated production base project in Sweden; ② The company cannot fully agree to the conditions proposed by the Swedish Strategic Product Surveillance Authority concerning the company's planned investment project under the Swedish Foreign Direct Investment Law; after unsuccessful negotiations, the investment project was not approved; ③ The company intends to appeal to the Swedish government and will continue to monitor overseas markets, looking for opportunities to establish overseas production capacities.
Shanghai Putailai New Energy Technology (603659.SH): plans to terminate the integrated production base project for 0.1 million tons of lithium-ion Anode Material in Sweden.
On December 19, Gelonghui reported that Shanghai Putailai New Energy Technology (603659.SH) announced that on December 3, 2024, the Swedish Strategic Products Inspectorate raised multiple requirements regarding the company's investment project, involving the equity control of Swedish Zicheng, the composition of the management team, the attribution of R&D results, and regulatory arrangements. After careful evaluation and in-depth discussions, the company believes that these requirements present significant challenges both from a business logic and practical operation standpoint, and proposed more actionable solutions. However, in further communication with the Swedish Strategic Products Inspectorate, the company was unable to reach an agreement on the feedback provided.
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Soochow: The supply and demand reversal in the lithium battery industry is imminent, and a bullish outlook is strong.
Soochow Securities stated that the demand in the lithium battery industry has exceeded expectations, with a non-weak season from November to December. The demand for 2025 has been revised up to over 30% growth, and the current valuation is at the profit bottom. Industry leaders are showcasing significant technological innovation and cost advantages, with profitability set to recover first. A supply-demand reversal is imminent, and there is strong bullish sentiment.
Shanghai putailai new energy technology (603659.SH): Silicon-carbon anode products have been delivered in small batches, currently mainly supplying downstream leading consumer electronics customers.
On November 29, Gelonghui reported that shanghai putailai new energy technology (603659.SH) stated on the investor interaction platform that the company's silicon-carbon anode products have been shipped in small batches, mainly supplying downstream leading consumer electronics customers. The company is actively promoting the construction progress of the silicon-based anode project being built in Wuhu, Anhui, and will gradually enter the equipment installation and debugging phase. The first batch of silicon-carbon anode production capacity is expected to be completed and put into operation in the first half of 2025.
Capital Allocation Trends At Shanghai Putailai New Energy TechnologyLtd (SHSE:603659) Aren't Ideal
At CN¥18.95, Is It Time To Put Shanghai Putailai New Energy Technology Co.,Ltd. (SHSE:603659) On Your Watch List?
