Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

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Equity Bottom-Up

<ul><li>Octopus Energy Ltd., Britain’s largest power utility, has partnered with Chinese electric vehicle (EV) giant BYD Co. Ltd. on a service in the U.K. that can help EV owners cut down on charging costs by providing them with a way to supply electricity to the grid.</li><li>The Power Pack Bundle, launched last month, offers customers a leased BYD Dolphin and a special two-way charger that turns the car into a battery that can send electricity back to the grid during peak hours.</li><li>This is one application of the <a href="https://www.caixinglobal.com/2024-09-17/in-depth-chinas-vision-for-batteries-on-wheels-102237269.html" target="_blank" rel="noopener">vehicle-to-grid (V2G) system</a>, creating a two-way street for electricity to flow between charging stations and EVs. This allows cars to charge up when power is abundant and provide electricity back into the grid when demand surges.</li></ul>

Octopus Energy Ltd., Britain’s largest power utility, has partnered with Chinese electric vehicle (EV) giant BYD Co. Ltd. on a service in the U.K. that can help EV owners cut down on charging costs by providing them with a way to supply electricity to the grid.The Power Pack Bundle, launched last month, offers customers a leased BYD Dolphin and a special two-way charger that turns the car into a battery that can send electricity back to the grid during peak hours.This is one application of the vehicle-to-grid (V2G) system, creating a two-way street for electricity to flow between charging stations and EVs. This allows cars to charge up when power is abundant and provide electricity back into the grid when demand surges.

BYD Teams Up With Octopus Energy to Cut EV Charging Costs in the U.K. 

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Thematic (Sector/Industry)

<ul><li>China’s passenger-vehicle (PV) retail sales volume fell 1% YoY in first four months of 2023, 2% higher than our forecast made in Dec 2022.</li><li>Wholesale volume also rose 7% YoY YTD, 3% higher than our prior forecast, largely due to doubled PV exports in the first four months of 2023.</li><li>Automakers in China started to cut inventories in Apr 2023, as we had expected.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China’s passenger-vehicle (PV) retail sales volume fell 1% YoY in first four months of 2023, 2% higher than our forecast made in Dec 2022.Wholesale volume also rose 7% YoY YTD, 3% higher than our prior forecast, largely due to doubled PV exports in the first four months of 2023.Automakers in China started to cut inventories in Apr 2023, as we had expected.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Auto Sector – Mixed picture ahead as inventory risk lingers

Cross Asset Strategy

<ul><li>Autos /In Depth: China’s Growing Trade of Unused ‘Used’ Cars Threatens Automakers’ Global Expansion</li><li>Forex /: China to Roll Out New Policies to Ease Forex Transactions for Trade, Investment</li><li>Personnel /: China Taps Three Coastal Officials for Vice Minister Roles</li></ul>

Autos /In Depth: China’s Growing Trade of Unused ‘Used’ Cars Threatens Automakers’ Global ExpansionForex /: China to Roll Out New Policies to Ease Forex Transactions for Trade, InvestmentPersonnel /: China Taps Three Coastal Officials for Vice Minister Roles

CX Daily: China’s Growing Trade of Unused ‘Used’ Cars Threatens Automakers’ Global Expansion 

<ul><li>Autos / In Depth: Desperate for Smart Driving Tech, State Carmakers Turn to Huawei</li><li>HKMA /Interview: HKMA’s Fintech Chief on Forging Hong Kong’s Digital Asset Future</li><li>Policy /Beijing Fast-Tracks $42 Billion Through Policy Banks to Revive Growth</li></ul>

Autos / In Depth: Desperate for Smart Driving Tech, State Carmakers Turn to HuaweiHKMA /Interview: HKMA’s Fintech Chief on Forging Hong Kong’s Digital Asset FuturePolicy /Beijing Fast-Tracks $42 Billion Through Policy Banks to Revive Growth

CX Daily: Desperate for Smart Driving Tech, State Carmakers Turn to Huawei 

<ul><li>Chery Automobile Co. Ltd. made a strong debut on the Hong Kong Stock Exchange Thursday, raising HK$9.2 billion ($1.2 billion) in the city’s largest carmaker IPO of the year and seeing its shares soar as much as 11.2%.</li><li>Shares closed at HK$31.90, up 3.7% from the IPO price of HK$30.80, giving the company a market capitalization of HK$184 billion — placing it nearly on par with rival Geely Automobile Holdings Ltd.</li><li>The listing marks a major milestone for the state-owned automaker, founded in 1997, after several failed attempts to go public.</li></ul>

Chery Automobile Co. Ltd. made a strong debut on the Hong Kong Stock Exchange Thursday, raising HK$9.2 billion ($1.2 billion) in the city’s largest carmaker IPO of the year and seeing its shares soar as much as 11.2%.Shares closed at HK$31.90, up 3.7% from the IPO price of HK$30.80, giving the company a market capitalization of HK$184 billion — placing it nearly on par with rival Geely Automobile Holdings Ltd.The listing marks a major milestone for the state-owned automaker, founded in 1997, after several failed attempts to go public.

Chery Automobile Raises $1.2 Billion in Hong Kong’s Biggest Carmaker IPO of 2025 

China

BYD Company Limited, through its subsidiaries, manufactures and sells automobiles. The Company also researches, develops, manufactures and sells batteries, which are applied on mobile phones, cordless phones, power tools and other kinds of portable electronic devices.

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BYD (1211 HK)

BYD Teams Up With Octopus Energy to Cut EV Charging Costs in the U.K.

Octopus Energy Ltd. , Britain’s largest power utility, has partnered with Chinese electric vehicle (EV) giant BYD Co. Ltd.

Caixin Global

China Auto Sector – Mixed picture ahead as inventory risk lingers

China’s passenger-vehicle (PV) retail sales volume fell 1% YoY in first four months of 2023, 2% higher than our forecast made in Dec 2022.

CMB International

CX Daily: China’s Growing Trade of Unused ‘Used’ Cars Threatens Automakers’ Global Expansion

TOP STORIES Autos / In Depth: China’s Growing Trade of Unused ‘Used’ Cars Threatens Automakers’ Global Expansion At a glance, selling more cars...

Caixin Global

CX Daily: Desperate for Smart Driving Tech, State Carmakers Turn to Huawei

TOP STORIES Autos / In Depth: Desperate for Smart Driving Tech, State Carmakers Turn to Huawei China’s state-owned automakers are deepening ties...

Caixin Global

Chery Automobile Raises $1.2 Billion in Hong Kong’s Biggest Carmaker IPO of 2025

Chery Automobile Co. Ltd. made a strong debut on the Hong Kong Stock Exchange Thursday, raising HK$9.2 billion ($1.2 billion) in the city’s...

Caixin Global

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