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BYD Company Limited Held Extraordinary General Meeting

BYD Company Limited held an Extraordinary General Meeting on December 5, 2025, where shareholders approved amendments to the Articles of Association, internal rules, and the Policy of External Guarantee. This information was published by BYD via the Hong Kong Stock Exchange's Issuer Information Service.

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

Nio power signs new deal for swap station construction

Nio Power, a subsidiary of Nio Inc, has signed a strategic cooperation agreement with Wuhan's Optics Valley Traffic Company to construct and operate charging and battery swap facilities. This partnership aims to enhance EV infrastructure and energy innovation. Nio Power, headquartered in Wuhan, operates a battery swap station assembly plant and plans to expand its production capacity significantly by 2025. The agreement marks a significant step in Nio Power's infrastructure development, supported by a recent RMB 1.5 billion investment from strategic investors.

CnEVPost·
HK
09866
+2.13%
SG
NIO
+0.98%
US
NIO
+4.59%
CnEVPost·
HK
09866
+2.13%
SG
NIO
+0.98%
US
NIO
+4.59%

Hungarian CATL factory to open in spring

CATL plans to start serial production at its battery factory in Debrecen, Hungary, by March or April next year, pending necessary permits. The factory, which has already produced 30,000 modules using cells from other CATL factories, aims to produce batteries for the European market with a range over 750 km. The workforce will increase from 1,000 to 1,500 employees. Environmental permits are pending, with significant reductions in emissions and resource use planned.

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

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%
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