HS-CATL@EC2609A

AOM INT'L

KO YO GROUP

MABPHARM-B

MOST KWAI CHUNG

CHINA ORAL IND

BRIGHT SMART

CCT FORTIS

EASY SMART GP

CEN PLAZA HOTEL

SMART DIGI TECH

03750

300750

CATL has made significant strides in solid-state battery development, obtaining a new patent and securing a large supply of copper foil. The patent focuses on a solid sulfide electrolyte, aiming for an energy density of 500 Wh/kg. CATL plans to produce a small series of these batteries by 2027, with pilot production already underway. The company has reserved 626,000 tonnes of copper foil for future scaling, valued at €8.4 billion. Additionally, CATL is part of a consortium to accelerate the commercialization of solid-state batteries in China, emphasizing the country's commitment to maintaining its lead in electric vehicle battery technology.

electrive

CATL

CATL makes progress on its solid-state battery

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TCTZF

TCEHY

The Hang Seng Index closed at 25,593 points, down 123 points or 0.5%; the Hang Seng TECH Index reported 5,007 points, down 20 points or 0.4%. Among the actively traded heavyweights, Alibaba rose 1.5%, Tencent rose 1.1%, and Xiaomi rose 0.3%. MTR Corporation fell 6.3%, and Lao Pu Gold fell 4.8%. CATL and CNOOC hit new highs, rising 1.6% respectively

AASTOCKS

FI2 CSOP HSI

Tencent Holdings Limited

Tencent

BABA-W

FL2 CSOP HSI

MTR CORPORATION

BABA 2x Long Daily ETF - GraniteShares

Hang Seng Index

CHINA BLUECHEM

CNOOC

Alibaba

FI CSOP HSI

CHINA OILFIELD

CSOP HS TECH

KraneShares 2x Long BABA Daily ETF

Hang Seng TECH Index

Xiaomi Corporation

The Half-Day Report shows that the Hang Seng Index closed at 25,593 points, down 123 points; the Hang Seng TECH Index closed at 5,007 points, down 20 points. MTR Corporation fell over 6%, while CATL, CNOOC, China Xuyang Group, Health 160, and Swire reached new highs

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BYDDY

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HCCD

In February 2026, CATL maintained its lead in China's EV battery market with a 49.10% share, despite a decline of 0.69 percentage points. BYD followed with a 13.56% share, down 3.87 points. LG Energy Solution saw significant growth, increasing its share by 21.72 points to 5.40%. Overall, both CATL and BYD experienced a decrease in market share as smaller competitors gained traction. CATL's ternary battery market share fell to 66.24%, while its LFP battery share rose to 44.35%.

- In February 2026, CATL and BYD experienced declines in their market shares within China's electric vehicle battery sector, while smaller competitors made gains.  
- LG Energy Solution saw a notable increase in its market share, surging by 21.72 percentage points to capture 24.86% of the ternary battery market, largely due to Tesla's strong performance.  
- Overall, China's power battery installations fell by 24.6% year-on-year, totaling 26.3 GWh, influenced by the timing of the Chinese New Year holiday.

CnEVPost

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

BYD Company

E Fund CSI Auto Components Thematic ETF

Ping An CSI Auto Components Thematic ETF

BYD Company Limited

Hwabao WP CSI Intelligent Electric Vehicle ETF

Hua Xia CSI New Energy Vehicles ETF

HFT CSI Auto Components Thematic ETF

Guotai CSI 800 Automobile and Parts ETF

ChinaAMC CSI Auto Components Thematic ETF

CATL HK SDR 30to1

BYD COMPANY

Top battery makers' China share in Feb 2026: CATL 49.10%, BYD 13.56%

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The three major A-share indices were slightly weak in the half-day session, with the Shanghai Composite Index down 0.2% at 4,120 points, the Shenzhen Component Index down 0.2% at 14,350 points, and the ChiNext Index slightly down. Lithium battery stocks performed strongly, with Putailai hitting the daily limit, and CATL and BYD rising slightly. International oil prices increased, but the stock prices of the three major oil companies fell. Gold-related stocks generally declined. Some wind power stocks rose

Putailai

HS GOLD ETF

iShares MSCI Global Gold Miners

EFUND GOLD MI-R

Abrdn Gold ETF Trust

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

ChinaAMC Gold ETF

HS RMB GOLD ETF

Direxion Daily Gold Miners Bull 2X

EFUND GOLD MI-U

SPDR Gold Shares

VALUEGOLD ETF

VanEck Junior Gold Miners ETF

VanEck Gold Miners ETF

EFUND GOLD MI ETF

SPDR GOLD TRT

GLOBAL X Gold Explorers

The three major A-share indices of Shanghai and Shenzhen were slightly weak in the first half of the day, with both Shanghai and Shenzhen down 0.2%. Lithium battery stocks surged, while Hua Hong A fell 6%

Chinese startup Zeron, specializing in heavy electric trucks, has raised over €150 million from investors including Nio, CATL, and Momenta. This funding follows a previous round of €63 million in July 2025. Zeron, founded in April 2022, has delivered over 1,600 trucks and aims to launch driverless operations by Q2 2026, targeting 5,000 truck deliveries this year. CEO Huang Zehua emphasizes the company's focus on developing its own vehicle platform and expects to reach break-even this year.

NIO Inc. USD OV

NIO-SW

Nio, Momenta and CATL invest in truck startup Zeron

China's CATL signs MoU with Rio Tinto on electrification, recycling

marketscreener

Rio Tinto Limited

Rio Tinto

Rio Tinto plc

China's CATL signs MoU with Rio Tinto on electrification, recycling

02015

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.

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UBS released a report listing the most favored simulated portfolio stocks by Chinese investors, all of which received a "Buy" rating. Newly included stocks are JD.com-SW and Baidu-SW, while Alibaba has been removed. The target prices are as follows: CATL 500 RMB, Fuyao Glass 96 HKD, Huatai Securities 30.49 RMB, Zijin Mining 47.4 HKD, NAURA 570 RMB, Tencent 780 HKD, Yutong Bus 40 RMB, GDS Holdings 60 USD, Sytech 75 RMB, Dongfang Electric 53.5 HKD, Envicool 160 RMB, JD.com-SW 187 HKD, Baidu-SW 175 HKD

Yinhua CSI All Share Investment Banking & Brokerage ETF

TENCENT

ZIJIN GOLD INTL

NAURA

Envicool

KraneShares 2x Long JD Daily ETF

Sytech

Baidu

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

Direxion FTSE China Bull 3X

Invesco Golden Dragon China

JD.com

Hwabao CSI HK Equities Internet ETF

WP CSI Banks ETF

E Fund CSI HK Connect Internet ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

E Fund CSI 300 Financials (ex Banks) ETF

JD HEALTH

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

UBS lists the most favored simulated portfolio stocks of Chinese companies (Table)

William O’Neil resumes tracking CATL A shares, rating it as a buy

Wallstreetcn

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DRIV

Zeron, a Chinese electric heavy truck startup, has raised 1.2 billion yuan ($175 million) from investors including CATL-affiliated Puquan Capital, Nio Capital, and Momenta. The funding will support Zeron's goal to deliver 5,000 trucks by 2026 and achieve break-even. Founded in 2022, Zeron aims to integrate hardware and autonomous driving software, positioning itself as a competitor to traditional manufacturers. The company has seen significant sales growth and plans to advance its autonomous driving technology with the new capital.

- Chinese electric heavy truck startup Zeron has raised 1.2 billion yuan ($175 million) from investors including CATL-affiliated funds, Nio Capital, and Momenta.  
- The company aims to deliver 5,000 trucks in 2026 to achieve break-even and enhance its competitive position against traditional manufacturers.  
- Zeron will use the new capital to develop autonomous driving technology as it capitalizes on the growing electrification of China's commercial vehicle sector.

NIO Inc

Global X Autonomous & Electric V

Zeron secures fresh capital as China's electric heavy truck race heats up

MBGYY

South Korea's competition authority has fined Mercedes-Benz €6.5 million for misleading consumers about battery suppliers in its EQE and EQS electric models. The Korea Fair Trade Commission (KFTC) found that while Mercedes advertised CATL batteries, some models actually used cells from Farasis Energy. Following a fire incident linked to a Mercedes vehicle, the KFTC mandated disclosure of battery suppliers. The fine, amounting to 11.2 billion won, represents about 4% of the revenue from 3,000 affected vehicles sold in South Korea.

Mercedes-Benz Group AG

Daimler AG

South Korea imposes multi-million fine on Mercedes-Benz

CATL has filed an international patent for its solid-state EV battery technology, which aims to address significant challenges in market implementation. The patent outlines advancements in battery chemistry, including sodium-ion and solid-state systems, enhancing driving range, charging speeds, and safety. CATL, which held nearly 40% of global EV battery sales last year, continues to innovate to maintain its market leadership. The patent was published by WIPO on March 5, 2026.

Electrek

Solid-state EV battery patent reveals CATL’s ambitious plans

Shares of Chinese lithium battery makers surged, led by Contemporary Amperex Technology Ltd (CATL), which reported a 42% increase in net profit to 72.2 billion yuan (US$10.5 billion). CATL's stock rose over 10% to HK$608, driven by strong demand for energy storage solutions. The company expects its energy storage segment to grow significantly, potentially surpassing its electric vehicle battery business. Global energy storage installations are projected to grow by over 60% in 2026, fueled by renewable energy and data center demands. Other battery-related stocks also saw gains in Hong Kong.

SCMP

CATL profit jump fuels Hong Kong battery stocks amid global energy storage boom

LI AUTO-W

Li Auto

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-WR

Alibaba HK SDR 5to1

Oracle

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

YieldMax BABA Option Income Strategy ETF

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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can do some nimble trades during this volatile market. everyday so different. risky though

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

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 .

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!

HS-CATL@EC2609A(27216.HK)

CATL makes progress on its solid-state battery

The Half-Day Report shows that the Hang Seng Index closed at 25,593 points, down 123 points; the Hang Seng TECH Index closed at 5,007 points, down 20 points. MTR Corporation fell over 6%, while CATL, CNOOC, China Xuyang Group, Health 160, and Swire reached new highs

Top battery makers' China share in Feb 2026: CATL 49.10%, BYD 13.56%

The three major A-share indices of Shanghai and Shenzhen were slightly weak in the first half of the day, with both Shanghai and Shenzhen down 0.2%. Lithium battery stocks surged, while Hua Hong A fell 6%

Nio, Momenta and CATL invest in truck startup Zeron