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China Merchants Quality Growth Hybrid Fund(LOF)
161706.SZ
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China’s EV battery giants wade into shipbuilding to bolster Beijing’s dominance

China's leading EV battery makers, CATL and Gotion High-tech, are expanding into shipbuilding to support Beijing's dominance in the industry. CATL plans to launch a pure electric vessel in three years, while Gotion's battery packs power a ship with 132 standard containers. China's shipbuilding firms held 65% of global orders in 2025. The US and South Korea are also increasing efforts in shipbuilding. Jiangnan Shipyard plans to build the world's first nuclear-powered container vessel by 2035.

南华早报·
SZ
300750
+0.72%
HK
03750
+1.57%
南华早报·
SZ
300750
+0.72%
HK
03750
+1.57%

China Nov EV battery installations: CATL holds 43.71% share, BYD 20.36%

In November, China's EV battery installations reached 93.5 GWh, a 39.2% year-on-year increase. CATL led with a 43.71% market share, up 0.71 percentage points from October, while BYD held 20.36%, down 0.93 points. Ternary and LFP battery installations rose significantly, with CATL dominating both markets. China's total battery production was 176.3 GWh, a 49.2% increase year-on-year. CATL and BYD's global market share from Jan-Oct 2025 was 38.1% and 16.9%, respectively.

CnEVPost·
US
BYDDY
-1.67%
SZ
002594
+0.80%
US
BYDDF
-1.20%
CnEVPost·
US
BYDDY
-1.67%
SZ
002594
+0.80%
US
BYDDF
-1.20%
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