Hong Kong stock market fluctuations | Zhongchuang Xinhang (03931) fell more than 7% in the session. Market share continued to decline as major customer GAC had already put its battery factory into production.
Zhijun Finance learned from the APP that Chongxin Aviation (03931) fell more than 7% in midday trading. As of press time, it fell 3.31% to HKD 14, with a turnover of 6.7768 million Hong Kong dollars. Xiniu Securities issued a research report stating that the group's market share has continued to decline since the fourth quarter of last year, and the group's power battery installation volume in the first four months of 2024 increased by 3.6% compared with the same period last year, but the market share has fallen sharply to 6.4%, returning to the level of 2022. In terms of installation volume, in the first quarter of 2024, Xiaopeng was the main customer of Chongxin Aviation, and GAC retreated to become the second largest customer. The bank pointed out that at the end of 2023, GAC was due to the Paide battery factory.
Xiniu Securities: Downgrade Zhongchuangxinhang (03931) to "Hold" with a target price of HKD 15.7.
By 2023, the sales of power batteries of Zhongguoxinhang (03931) increased by 21.4% year-on-year to CNY 22.25 billion.
TrendForce: Power battery demand and prices held steady in May, but prices may fall in June.
After experiencing a low capacity utilization period in the first quarter of this year, the power battery industry chain has seen a significant recovery in market demand since March, and an explosive demand during the peak season in April has driven the production recovery of the lithium battery industry, slightly raising the price of power batteries.
Changes in Hong Kong stocks | China Airlines (03931) fell more than 9% in the afternoon and the patent war progressed further with the Ningde Era. The court ruled that the company lost the lawsuit and paid compensation
China Airlines (03931) fell more than 9% in the afternoon. As of press release, it was down 7.79% to HK$13.74, with a turnover of HK$11.792,900.
CALB Group Shares Drop 7% as Chinese Court Rules in Favor of CATL in Patent Dispute
CALB Group (HKG:3931) received a judgment from the Fujian Higher Court to stop using and selling products that infringe upon Contemporary Amperex Technology or CATL's (SHE: 300750) patents related to
Southern California Bncp: Received Required Regulatory Approvals From Office of the Comptroller of the Currency and Federal Reserve Bank of San Francisco Necessary to Complete Previously Announced Merger of Equals >BCAL CALB
Southern California Bncp: Received Required Regulatory Approvals From Office of the Comptroller of the Currency and Federal Reserve Bank of San Francisco Necessary to Complete Previously Announced Mer
Market Chatter: Nio to Procure Batteries for Onvo EV Brand From BYD
Nio (HKG:9866, SGX:NIO) will procure batteries from BYD (HKG:1211, SHE:002594) for Nio's Onvo electric vehicle brand, Reuters reported Tuesday, citing three unnamed sources.
CALB Group's (HKG:3931) Anemic Earnings Might Be Worse Than You Think
The subdued market reaction suggests that CALB Group Co., Ltd.'s (HKG:3931) recent earnings didn't contain any surprises. Our analysis suggests that along with soft profit numbers, investors should b
The second brand “Ledao” under NIO (09866) will officially release batteries in mid-early May or be provided by BYD, Ningde Times and China Airlines
Li Bin, chairman of NIO (09866), and Qin Lihong, co-founder of NIO, revealed earlier that NIO's second brand, “Ledao”, is called “ONVO” in English, and the new brand will be officially launched in mid-early May.
Jaks Resources Signs MOU With CALB Group; Shares Rally 12%
Jaks Resources (KLSE:JAKS) unit JAKS Solar Power inked a memorandum of understanding with CALB Group (HKG:3931) to explore the potential for cross-border collaboration in the battery energy storage sy
JAKS Partners CALB to Tap Into SE Asia's Battery Energy Storage Systems Market
JAKS Resources Bhd's unit has signed a memorandum of understanding (MOU) with China-based CALB Group Co Ltd to explore opportunities in the battery energy storage system (BESS) market, with a particular focus on the Southeast Asia region.
中創新航:2023年年度報告
Changes in Hong Kong stocks | Lithium battery stocks fall collectively, Yabao's latest lithium auction discount agency says the pattern of excess supply and demand for lithium carbonate remains unchanged throughout the year
Lithium stocks declined collectively. As of press release, Ganfeng Lithium (01772) fell 4.77% to HK$21.95; China Airlines (03931) fell 2.68% to HK$13.06; and Tianqi Lithium (09696) fell 2.62% to HK$35.35.
Telford Technology (301511.SZ): China Airlines is a customer of the company's lithium battery copper foil products
Gelonghui, April 12: An investor asked Telford Technology (301511.SZ) on the investor interactive platform, “Does the company actually supply innovative aviation among battery suppliers for Xiaopeng Flying Car?” The company replied that China Airlines is a customer of the company's lithium battery copper foil products. The company supplies them with various types and properties of lithium copper foil. The customer did not explain the terminal application of the company's specific products to the company, and also reminded investors to pay attention to investment risks.
The total cumulative output of power and other batteries in China in the first quarter was 184.6 GWh, a cumulative year-on-year increase of 33.5%
The Zhitong Finance App learned that on April 11, the China Automobile Power Battery Industry Innovation Alliance released monthly power battery information for March 2024.
Lithium battery stocks rose collectively, Ganfeng Lithium (01772) rose 5.98%, and institutions expect to take the lead in releasing solid state in 24-25 and a half years
Jinwu Financial News | Lithium stocks rose collectively. Ganfeng Lithium (01772) rose 5.98%, China Airlines (03931) rose 2.63%, Tianqi Lithium (09696) rose 2.35%, and BYD shares (01211) rose 2.48%. Fangzheng Securities said that the development of the lithium battery industry has entered a new stage, focusing on new technologies such as high nickel/high voltage ternary, lithium manganese phosphate, and semi-solid/solid state lithium batteries; solid-state batteries have safety and energy density advantages; in addition to safety and energy density, solid state batteries have a series of advantages such as high power, excellent low temperature performance, and long cycle life; currently
Global EV Battery Market Share in Jan-Feb 2024: CATL 38.4%, BYD 13.1%
CATL continued to be No. 1, while BYD dropped to No. 3 after being overtaken by LG Energy Solution for the first time since December 2022.
CALB Group (HKG:3931) Use Of Debt Could Be Considered Risky
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' It's only natural to co
The old three can't carry lithium batteries
0.3 yuan/Wh era begins
CALB Converts 345.8 Million Domestic Shares Into Hong Kong Shares
CALB Group (HKG:3931) said the conversion of 345,822,805 domestic shares into Hong Kong shares was completed on March 27, and those shares were listed on the stock exchange earlier today, March 28. Th
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