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Nio moves toward greater reliance on CATL for batteries, report says

Nio has suspended battery supply cooperation with BYD's FinDreams due to insufficient L60 orders, increasing reliance on CATL for battery supply. CATL, Nio's primary supplier since 2014, supports Nio amid operational challenges, investing in Nio Power and Mirattery. CATL's engineering capabilities help Nio overcome battery shortages, with plans to double battery packs at swap stations. CATL holds a 38.1% global market share, leading the EV battery market.

CnEVPost·
SG
NIO
+0.20%
HK
09866
-0.47%
US
NIO
+3.87%
CnEVPost·
SG
NIO
+0.20%
HK
09866
-0.47%
US
NIO
+3.87%

Chinese EV battery giant CATL and Guoxin Micro set up a new automotive chip firm

Chinese EV battery giant CATL and semiconductor developer Guoxin Micro have partnered to establish a new automotive chip firm, Tongxin Micro Technology, in Beijing. The firm, with a registered capital of 300 million yuan, will focus on the automotive domain controller chip business. CATL's investment marks its latest expansion initiative, while Guoxin Micro aims to deepen strategic ties with target customers. The new entity will acquire the chip business from Tongxin Micro for 193 million yuan, reflecting a significant appreciation rate. Guoxin Micro's shares rose 1.33% following the announcement.

南华早报·
SZ
300750
+0.38%
SZ
002049
+1.33%
HK
03750
-1.26%
南华早报·
SZ
300750
+0.38%
SZ
002049
+1.33%
HK
03750
-1.26%

The competition in energy storage has actually begun, and the intensity in the future may far exceed that of photovoltaics?

The energy storage industry may face intense competition similar to that of the photovoltaic industry. Although the energy storage supply chain is relatively long and has certain resilience, industry insiders are concerned that competition has already begun to intensify and may be more rapid and severe than that of photovoltaics in the future

Wallstreetcn·
US
CP00043
+0.07%
SZ
300274
+7.86%
SZ
300750
+0.38%
Wallstreetcn·
US
CP00043
+0.07%
SZ
300274
+7.86%
SZ
300750
+0.38%

CATL Likely to Resume Operations of Lithium Mine in Yichun, China on Lunar New Year

CATL Likely to Resume Operations of Lithium Mine in Yichun, China on Lunar New Year

marketscreener·
HK
03750
-1.26%
SZ
300750
+0.38%
marketscreener·
HK
03750
-1.26%
SZ
300750
+0.38%
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