Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Monetary / In Depth: Has China’s monetary policy reached its limit?</li><li>Cyberattack / Alleged U.S. cyberattack targeted China’s key telecom infrastructure</li><li>Pensions / China announces tax breaks to kick start personal pensions market</li></ul>

Monetary / In Depth: Has China’s monetary policy reached its limit?Cyberattack / Alleged U.S. cyberattack targeted China’s key telecom infrastructurePensions / China announces tax breaks to kick start personal pensions market

CX Daily: Has China’s Monetary Policy Reached Its Limit?

Equity Bottom-Up

Contemporary Amperex Technology (CATL) / Equity Bottom-Up

<ul><li>Battery giant Contemporary Amperex Technology Co. Ltd. (CATL) (<a href="https://www.smartkarma.com/300750.SZ" target="_blank" rel="noopener">300750.SZ</a> -0.92%) has set up a battery swapping joint venture (JV) with ride-hailing company Didi Global Inc. to service Didi’s expanding fleet of electric vehicles (EVs).</li><li>The tie-up is CATL’s latest foray into battery swapping — dominated by EV-maker Nio Inc. — as it aims to expand beyond production and into downstream businesses that make use of its products.</li><li>It comes as the world’s No. 1 producer of EV batteries by installed capacity faces growing competition from rivals such as BYD Co. Ltd. (<a href="https://www.smartkarma.com/002594.SZ" target="_blank" rel="noopener">002594.SZ</a> +0.69%), which produces both vehicles and their batteries.</li></ul>

Battery giant Contemporary Amperex Technology Co. Ltd. (CATL) (300750.SZ -0.92%) has set up a battery swapping joint venture (JV) with ride-hailing company Didi Global Inc. to service Didi’s expanding fleet of electric vehicles (EVs).The tie-up is CATL’s latest foray into battery swapping — dominated by EV-maker Nio Inc. — as it aims to expand beyond production and into downstream businesses that make use of its products.It comes as the world’s No. 1 producer of EV batteries by installed capacity faces growing competition from rivals such as BYD Co. Ltd. (002594.SZ +0.69%), which produces both vehicles and their batteries.

CATL Hitches Up With Didi, Broadening Move in Battery Swapping 

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>Eleven Chinese automakers including BYD, Great Wall, NIO, Xpeng, Li Auto, Zeekr, Aion, Deepal, Neta, Leap and Aito reported their Oct 2023 sales volumes on 1 Nov 2023.</li><li>Sales volume of the 11 automakers combined rose 54% YoY (ranging from -33% to +302%) and 6% MoM (ranging from -20% to 112%) in Oct.</li><li>Seven out of the 11 automakers posted their all-time high sales volume in Oct.</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.

Eleven Chinese automakers including BYD, Great Wall, NIO, Xpeng, Li Auto, Zeekr, Aion, Deepal, Neta, Leap and Aito reported their Oct 2023 sales volumes on 1 Nov 2023.Sales volume of the 11 automakers combined rose 54% YoY (ranging from -33% to +302%) and 6% MoM (ranging from -20% to 112%) in Oct.Seven out of the 11 automakers posted their all-time high sales volume in Oct.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 – NEV sales push at month-end leads to Oct beat

<ul><li>Eleven Chinese automakers including BYD, Great Wall Motor, NIO, Xpeng, Li Auto, Zeekr, Aion, Deepal, Aito, Neta and Leap reported their Aug 2023 sales volumes on 1 Sep 2023.</li><li>Sales volume of the 11 automakers combined rose 68% YoY (ranged from -50% to +1,218%) and 5% MoM (ranged from -9% to +24%) in Aug 2023.</li><li>NEV trio largely in line. Li Auto’s recorded a sales volume of almost 35,000 units in Aug 2023, with all three models surpassing 10,000 units. </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.

Eleven Chinese automakers including BYD, Great Wall Motor, NIO, Xpeng, Li Auto, Zeekr, Aion, Deepal, Aito, Neta and Leap reported their Aug 2023 sales volumes on 1 Sep 2023.Sales volume of the 11 automakers combined rose 68% YoY (ranged from -50% to +1,218%) and 5% MoM (ranged from -9% to +24%) in Aug 2023.NEV trio largely in line. Li Auto’s recorded a sales volume of almost 35,000 units in Aug 2023, with all three models surpassing 10,000 units. 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 – In-line Aug NEV retail sales volume

<ul><li>Law /In Depth: Why fewer criminal appeals cases are getting heard in China</li><li>BRICS /: BRICS invites six nations to join as expansion moves into focus</li><li>Nuclear /: China suspends imports of all Japanese aquatic products</li></ul>

Law /In Depth: Why fewer criminal appeals cases are getting heard in ChinaBRICS /: BRICS invites six nations to join as expansion moves into focusNuclear /: China suspends imports of all Japanese aquatic products

CX Daily: Why Fewer Criminal Appeals Cases Are Getting Heard in China

China

NIO Inc. manufactures and sells automobiles. The Company offers electric vehicles and parts, as well as provides battery charging services. NIO serves customers worldwide.

NIO (9866 HK)

CX Daily: Has China’s Monetary Policy Reached Its Limit?

In Depth: Has China’s monetary policy reached its limit? Alleged U.S. cyberattack targeted China’s key telecom infrastructure

Caixin Global

CATL Hitches Up With Didi, Broadening Move in Battery Swapping

Battery giant Contemporary Amperex Technology Co. Ltd. (CATL) (300750.SZ -0.92%) has set up a battery swapping joint venture (JV) with...

Caixin Global

China Auto Sector – NEV sales push at month-end leads to Oct beat

Eleven Chinese automakers including BYD, Great Wall, NIO, Xpeng, Li Auto, Zeekr, Aion, Deepal, Neta, Leap and Aito reported their Oct 2023 sales...

CMB International

China Auto Sector – In-line Aug NEV retail sales volume

Eleven Chinese automakers including BYD, Great Wall Motor, NIO, Xpeng, Li Auto, Zeekr, Aion, Deepal, Aito, Neta and Leap reported their Aug 2023...

CMB International

CX Daily: Why Fewer Criminal Appeals Cases Are Getting Heard in China

Law /In Depth: Why fewer criminal appeals cases are getting heard in China BRICS /: BRICS invites six nations to join as expansion moves into...

Caixin Global