SG-CATL@EP2608A

SUPERLAND GROUP

OCT (ASIA)

GREAT WORLD

JIAODA WITHUB

CREATIVE CHINA

SMART CITY DEV

DAISHOMICROLINE

RIMBACO

SHENYANG PUBLIC

XUNCE

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03750

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36Kr learned that the Aiqicha App shows that recently, Times Electric Technology Co., Ltd. underwent a business change, with its registered capital increased from 1.5 billion RMB to 1.94 billion RMB, an increase of approximately 29%. The company was established in August 2021, with Yang Jun as the legal representative. Its business scope includes the sale of new energy vehicle battery swapping facilities, battery leasing, and motor vehicle charging sales. Shareholder information indicates that the company is wholly owned by CATL

36Kr

HFT CSI Auto Components Thematic ETF

ChinaAMC CSI Auto Components Thematic ETF

Ping An CSI Auto Components Thematic ETF

E Fund CSI Auto Components Thematic ETF

CATL

Guotai CSI 800 Automobile and Parts ETF

CATL's subsidiary, Times Electric Service Technology Company, has increased its registered capital to 1.94 billion yuan

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36Kr learned that the Hang Seng Index opened down 0.35%, and the Hang Seng Tech Index fell 0.44%; the semiconductor and technology sectors led the decline, with Zhaoyi Innovation down over 4%, SMIC and Hua Hong Semiconductor down nearly 2%, and Baidu and KUAISHOU down over 1%; the electrical equipment and automotive sectors saw the largest gains, with VPOWER GROUP up over 6%, BYD Company Limited up over 2%, and CATL up over 1%

ICBCCS CNI HK Connect Technology ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

Guotai CSI Computer Theme ETF

VPOWER GROUP

Hua Hong

ISHRS S&P Glb It

GTJA Allianz SSE STAR Chip Design Thematic ETF

Direxion Semicon Bull 3X

BYD Company Limited

Harvest Hang Seng SCHK Technology ETF

KUAISHOU-W

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Hua Xia CSI New Energy Vehicles ETF

Guotai CES Semiconductor Chip Industry ETF

ChinaAMC Guozheng Semiconductor Chip ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

iShares Semiconductor ETF

SMIC

Baidu

BIDU-SW

The Hang Seng Index opened down 0.35%, and the Hang Seng Tech Index fell 0.44%

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01211

516380

BYDDY

CATL has achieved a significant milestone by capturing over 50% of China's EV battery market in Q1 2026, with a market share of 50.1%. BYD follows with 17.5%, marking its weakest performance in five years. CATL leads in both NMC and LFP battery segments, holding 81.6% and 41% market shares respectively. Despite this dominance, the overall EV battery market faces challenges, including a decline in demand due to the reduction of government subsidies, with only 370,000 batteries installed in February 2026.

- CATL achieved a market share of 50.1% in the electric vehicle battery sector for Q1 2026, reclaiming its position as China's market leader after five years.  
- The report indicates a total production volume of EV batteries in China reached 310 GWh in the first two months, but installation rates hit a historical low at 19%.  
- Despite CATL's dominance, the Chinese EV market faces challenges, including a decline in demand linked to the phasing out of government subsidies, with vehicle battery installations falling sharply in February.

electrive

BYD COMPANY

Hwabao WP CSI Intelligent Electric Vehicle ETF

BYD Company

CATL captures half of China’s EV battery market

03690

MPNGY

- China's market regulator, the State Administration for Market Regulation, stated its plans to regulate destructive price wars during a meeting with major firms.  
- The regulator aims to enhance anti-monopoly regulation and offer more support for companies seeking international expansion.  
- Participating companies included CATL, BYD, Meituan, Chery Automobile, DiDi Global, China Minmetals, and China State Construction Engineering Corporation.

Reuters

MEITUAN

Meituan

China to tighten controls on price wars, boost support for overseas expansion

36Kr learned that the Aiqicha App shows that Chengdu Times Electric Service Technology Co., Ltd. was recently established, with Zhang Yongcan as the legal representative and a registered capital of 10 million yuan. The business scope includes software development, sales of new energy vehicle battery swap facilities, and operation of electric vehicle charging infrastructure. Shareholder information indicates that the company is wholly owned by Times Electric Service Technology Co., Ltd., a subsidiary of CATL

CATL established a new technology company in Chengdu with a registered capital of 10 million yuan

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The three major A-share indices are slightly weaker in the half-day session, with the Shanghai Composite Index down 0.6% to 3,909 points, the Shenzhen Index down 0.4%, and the ChiNext Index slightly down 0.07%. The central parity rate of the RMB against the US dollar is reported at 6.89056, hitting a new low since March. China Life is down 5.2%, despite an expected 44.1% growth in net profit for 2025. CATL is up 2.2%, while BYD is down 1.4%. Solid-state battery concept stocks performed strongly, with Hi-Tech Spring up 14.6%

AASTOCKS

ChiNext

China Life

CHINA LIFE

Shenzhen Index

Hi-Tech Spring

SSE Index

The three major A-share indices of Shanghai and Shenzhen are slightly weak in the half-day session, with the Shanghai Composite Index down 0.6%, and China Life falling by more than 5%

02057

00HSI

STECH

Hong Kong's stock market opened lower today, with the Hang Seng Index falling by 0.27% and the Hang Seng Tech Index dropping by 0.68%. According to Jin10, Kuaishou shares plummeted over 9.5%, while Contemporary Amperex Technology Co. Ltd. (CATL) saw a decline of more than 2.5%. Additionally, ZTO Express shares decreased by over 2%. In contrast, JD.com shares rose by 2.5%.

CoinLive

ZTO EXPRESS-W

Hang Seng Index

ZTO Express

KraneShares 2x Long JD Daily ETF

Hang Seng TECH Index

JD.com

JD-SW

STOCKS | Hong Kong Stocks Open Lower as Kuaishou and CATL Decline

BlackRock's long position in Contemporary Amperex Technology increases to 6.53% on March 19 from 5.60%, HKEX filing shows

marketscreener

BlackRock

BlackRock's long position in Contemporary Amperex Technology increases to 6.53% on March 19 from 5.60%, HKEX filing shows

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BAIC has unveiled its sodium-ion battery, offering a range of 450 kilometers and supporting 4C fast charging, completing a cycle in just 11 minutes. The battery features a cell energy density exceeding 170 Wh/kg and operates effectively in extreme temperatures. By eliminating lithium, BAIC claims a 15% cost reduction compared to lithium iron phosphate batteries. The battery's safety is highlighted, as it does not catch fire or explode under extreme conditions. This advancement positions BAIC competitively in the sodium-ion battery market, alongside other major players like CATL and BYD.

- BAIC Group's sodium-ion battery offers a 450-kilometer range and supports 4C fast charging, with a full cycle achievable in just 11 minutes.  
- The battery's energy density exceeds 170 Wh/kg, positioning it highly in the competitive sodium-ion market, with a focus on cost reduction and performance in extreme temperatures.  
- As BAIC joins other players like CATL and BYD in advancing sodium-ion technology, its battery may target the A-segment family car market amid growing interest in this battery type.

CnEVPost

BAIC MOTOR

BAIC BluePark

BAIC details sodium battery with 450-km range

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The research report from CSC points out that significant progress has been made in the industrialization of solid-state batteries, with automakers clearly defining guidelines for the installation of all-solid-state batteries, and equipment bidding is about to be catalyzed. Leading battery manufacturers have initiated GWh-level bidding for solid-state battery production equipment, planning to achieve small-scale demonstration installations by 2027 and reach large-scale production targets by 2030. The overall sector is in the "strike zone," and an increase in both volume and price along the industrial chain is expected. The allocation value of the solid-state battery sector remains optimistic

腾讯新闻 - 财经

CSC: Continue to be optimistic about the allocation value of the solid-state battery sector

CARZ

- The article discusses the impact of rising oil prices on Chinese electric vehicle (EV) and battery companies, which HSBC highlights as beneficiaries in the market.  
- HSBC notes that China leads in EV technology, providing over 70% of global EV batteries and over 80% of energy storage systems, with firms like BYD, Geely, and CATL seeing significant stock increases.  
- Investors are responding positively, as evidenced by the gains in stock values of these companies amid overall market downturns, including a 6% rise in the CSI Green Electricity Index this March.

Geely Auto

吉利汽车

GEELY AUTO

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

First Trust S-Network Future Vehicles & Tech ETF

LIVE MARKETS-Chinese EV and battery names are oil shock winners, say HSBC

SMSN

6762

TTDKY

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Morgan Stanley has identified three Asia-Pacific stocks as overweight in its "Three Actionable Ideas" report, driven by AI infrastructure spending, smartphone component demand, and South Korean corporate reform. The picks include Contemporary Amperex Technology Co., TDK Corp., and Samsung C&T. The report highlights the economic case for energy storage systems and anticipates strong earnings for TDK in smartphone components. Samsung C&T is viewed as a long-term investment due to corporate reforms. The report notes a cumulative outperformance of 7,504 basis points since the series began, with varying returns across markets.

Investing

Samsung Electronics Co., Ltd. Sponsored GDR

TDK Corporation

Samsung Life Insurance Co., Ltd.

3 Asian stocks to buy now: Morgan Stanley

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LAOPU GOLD(06181) rose 16.11%, with a trading turnover 2.7 Billion HKD, and a year-to-date rose 4.9%. YOFC(06869) rose 13.09%, with a trading turnover 5.5 Billion HKD, and a year-to-date rose 219.1%. CNOOC(00883) fell 3.48%, with a trading turnover 7.4 Billion HKD, and a year-to-date rose 38.2%. CATL(03750) fell 2.57%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 27.6%.

Top Gainers & Losers

LAOPU GOLD

YOFC

MINIMAX-W

KNOWLEDGE ATLAS

WUXI APPTEC

CNOOC

CHINA COAL

CHINA SHENHUA

YANKUANG ENERGY

Top 5 HK Stock Gainers/Losers (>100B) (3.24)

Li Auto 4Q25 First Take: overall, the deterioration in auto GPM had been well telegraphed for Q4, yet even against a cautious setup, the print was only middling. Both ASP and auto GPM fell QoQ. ① Revenue slightly missed as ASP contracted more than expected: Auto revenue was RMB 27.3bn vs. the street at RMB 28.2bn, driven by a larger QoQ ASP drop. ASP fell RMB 27k to RMB 250k (vs. consensus RMB 258k), as mix shifted down with higher contribution from the lower-priced i6 and lower contribution from the higher-priced Mega. Li Auto also stepped up discounts on legacy L-series models in Q4, further pressuring ASP. ② Auto GPM broadly in line with expectations and prior guidance: 4Q auto GPM was 16.8%, down 300bps from 19.8% in 3Q after excluding the Mega recall impact, and within management’s 15.8%–16.8% guide. The decline was mainly ASP-driven; despite the i6’s strong demand, supply-chain constraints (battery shortages) limited scale benefits, with total deliveries up only 17% QoQ to 109k. Scale efficiencies therefore did not fully offset the ASP headwinds. For 1Q26 guidance, revenue is guided below expectations: ① 1Q26 delivery guide of 85k–90k, with the midpoint roughly in line with the street’s 88k: Implied Mar. deliveries are 31k–36k (Jan./Feb. at 28k/26k). The sequential pickup should come as i6 capacity ramps in Mar., with management previously indicating post-CNY i6 monthly sales could reach 20k. Adding a second battery supplier has partially eased the i6’s CATL battery shortage. However, the guide still implies a 3%–9% YoY decline vs. 93k in 1Q25, as legacy L-series volumes are under heavy pressure. L-series sold 18k in Jan.–Feb. 2026 (9k per month on Avg.), down 67% vs. 55k a year ago, due to aging models with customers awaiting 2Q launches, intensified competition with larger/cheaper peers, cannibalization from Li Auto’s own BEV i6/i8, and sector-wide demand softness from purchase-tax step-down. ② 1Q26 revenue guide of RMB 20.4bn–21.6bn, well below the street’s RMB 23.9bn: With volume roughly in line, the revenue shortfall reflects a further ASP reset. Guided ASP is ~RMB 222k in 1Q26 vs. RMB 250k in 4Q25, which Dolphin Research attributes to the i6 mix rising from 26% in 4Q25 to ~60% in 1Q26 as capacity releases, and aggressive discounting to clear legacy models ahead of the new model cycle starting in 2Q. Dolphin Research views the print and guide as average at best, and revenue guidance below expectations. That said, on valuation, sentiment may find two supports: an L9 refresh expected in 2Q could kick off a new product cycle, and the rumored debut of Li Auto’s humanoid robot in 1H26 may offer near-term optionality and a downside cushion. Stay tuned for our detailed take.

LI AUTO-W

Li Auto

CATL HK SDR 30to1

Today’s Key News Recap

0310 | Dolphin Research Focus: 🐬 Macro/Industry1) On Mar 9 (local time), Trump said US military action against Iran would end 'very soon' but not this week. He also indicated the US would ease some oil-related sanctions to cool prices, while warning of tougher strikes if Iran blocks the strait.The remarks briefly soothed energy and financial markets, capping near-term upside in crude. They tempered expectations for a sharp oil spike in the short run.However, the conflict continues and Tehran has issued a hard-line response. Geopolitical risk has not cleared...

NVIDIA

Taiwan Semiconductor

BABA-W

BABA-WR

Alibaba

Alibaba HK SDR 5to1

NIO-SW

NIO Inc. USD OV

NIO Inc

Oracle

ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

TSM Feb revenue down MoM; Alibaba Qwen management reshuffle finalized | Daily News Recap

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I was expecting Trump to come out and announce the beginning of the end to the war. However, I'll still be monitoring closely as there are still weaknesses in the support levels, any more delays/negative sentiment and the market plunges right back down again .

Hi guys! Grab your coffee and pull up a chair ☕️ Wild day yesterday with oil doing a roundtrip from $120 back to $80. Let's unpack what's moving markets today:

☕️ Daily Market Talk | Mar 10, 2026

We are currently sandwiched between an oil shock and TACO relief. I don't any earnings result will move the market in a meaningful way. Instead of timing the market, enter when prices reached the level deemed attractive to you. Enjoy the roller coaster ride but hope the rails below are sturdy enough to prevent a free fall. Giddy up and ride the horse.

This is an amazing Trump moving markets in action. He is intentional manipulating the market. Follow this move and all is good!

I think this iran war will cause country to rethink about alternative to oil. Good idea to bet on alternative energy when this war settles!

👋 Hi brilliant investors! Let's grab a coffee and join the convo ☕️ Today we're talking $110 oil, US vs China robots, and earnings. Jump in and earn rewards!

ALSCO POOLING

Sharplink

ESTUN

ESTUN AUTOMATION

ZHAOWEI

☕️ Daily Market Talk | Mar 9, 2026

Realised volatility is high which means money has left the markets and has done so for a while. When that happens, the market is prone to big swings like what we are seeing now. Stay safe!

As long as oil price drops, the risk is very minimal. But if it doesn't, inflation is here to stay. This may cause interest rate to go up and depress stock prices!

This is Trump at his best in movingarkets. Follow his every move and you could be rich!

Geopolitical risk remain, but staying in the game is more important than timing the game. Stay focus, stay clear minded!

SG-CATL@EP2608A(26276.HK)

SG-CATL@EP2608A Stock Performance Chart

CATL's subsidiary, Times Electric Service Technology Company, has increased its registered capital to 1.94 billion yuan

The Hang Seng Index opened down 0.35%, and the Hang Seng Tech Index fell 0.44%

CATL captures half of China’s EV battery market

China to tighten controls on price wars, boost support for overseas expansion

CATL established a new technology company in Chengdu with a registered capital of 10 million yuan