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Pure Electric Ships to Likely Sail Oceans in Three Years, Says GM of CATL's Maritime Business

Contemporary Amperex Technologies (CATL) plans to develop pure electric ships for ocean sailing within three years, expanding from inland waters. This initiative is part of CATL's "full-spectrum growth" strategy, aiming to integrate maritime and aviation sectors. At Marintec China, CATL launched its Zero-Carbon Shipping and Smart Port-Shipping Integration Solution, enhancing operational efficiency and safety of electric ships. CATL entered the maritime sector in 2017, offering maritime power systems, smart navigation, and battery swapping solutions.

Yicai·
HK
03750
+1.53%
SZ
300750
+1.50%
Yicai·
HK
03750
+1.53%
SZ
300750
+1.50%

BYD chairman explains why sales have declined and why a turnaround could be expected

BYD's chairman attributes the sales decline to a reduced technological lead and plans major technological releases to regain momentum. The company will focus on R&D, expand overseas, and enhance sales strategies to address competitive pressures. Despite a recent sales dip, BYD aims to reestablish its technological edge with its team of 120,000 engineers. The 2025 sales target has been adjusted due to increased competition from rivals like Geely and Leapmotor.

CnEVPost·
US
BYDDY
+0.16%
US
BYDDF
-0.48%
SZ
002594
+0.78%
CnEVPost·
US
BYDDY
+0.16%
US
BYDDF
-0.48%
SZ
002594
+0.78%

Li Auto hits 1.5 million car delivery milestone

Li Auto has reached a milestone of 1.5 million vehicle deliveries, with over 1.4 million EREV models delivered. Despite this achievement, the company has faced a decline in sales, with a 31.92% year-on-year drop in November deliveries. Li Auto has also expanded into the BEV segment with new models and launched AI smart glasses, Livis, priced at RMB 1,999 in China.

CnEVPost·
HK
02015
+0.72%
US
LI
+0.86%
CnEVPost·
HK
02015
+0.72%
US
LI
+0.86%

Fat Prophets Fund Expands Equity Exposure Amid Positive Market Outlook

Fat Prophets Global Contrarian Fund Ltd. has increased its equity exposure, reflecting a positive outlook for global markets. The fund has invested in James Hardie, BYD & Co, and Grab Holdings, anticipating growth in the US housing sector and international markets. The fund's pre-tax NTA per share saw a slight increase, indicating stability. The company focuses on global markets, investing in sectors like housing, electric vehicles, and technology.

Tip Ranks·
US
BYDDY
+0.16%
SZ
002594
+0.78%
US
BYDDF
-0.48%
Tip Ranks·
US
BYDDY
+0.16%
SZ
002594
+0.78%
US
BYDDF
-0.48%
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