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DeepSeek plans to raise approximately $7 billion in its first round of financing, with Tencent and CATL set to become its largest external investors
Svmuu News: DeepSeek plans to raise approximately $7 billion in its first funding round, with a valuation as high as $59 billion. Tencent and CATL will be DeepSeek's largest external investors; NetEas
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China's tech stocks lose luster as STAR 50 Index plunges over 40% from July peak, CATL falls 37% YTD amid AI profit doubts
China's technology stocks are losing their luster as investors question whether the country's artificial intelligence boom can deliver profits strong enough to justify lofty valuations. The STAR 50 In
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CATL announced that it has signed a Memorandum of Understanding (MOU) with INTILION, a European energy storage solution provider
CATL announced that it has signed a Memorandum of Understanding (MOU) with INTILION, a European energy storage solution provider. Over the next five years, the two parties will deploy 3GWh of CATL's T
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CATL stated that with new production capacity coming online this year, the tightness in capacity has eased. However, market demand continues to grow, and it is expected that capacity utilization will remain at a high level in the future.
CATL stated that with new production capacity coming online this year, the tightness in capacity has eased. However, market demand continues to grow, and it is expected that capacity utilization will
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According to Tianyancha App, Shanghai Shidai Chenyuan Venture Capital Partnership (Limited Partnership) was established on October 26
According to Tianyancha App, Shanghai Shidai Chenyuan Venture Capital Partnership (Limited Partnership) was established on October 26. The executive partner is Xiamen Puquan Private Equity Fund Manage
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Profits of China's industrial firms above a designated size rose 14.4% year-on-year in September, accelerating from August's 4.2% growth
Profits of China's industrial firms above a designated size rose 14.4% year-on-year in September, accelerating from August's 4.2% growth, data from the National Bureau of Statistics showed on Tuesday.
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Goldman Sachs maintained a Buy rating on CATL, the world's largest power battery manufacturer
Goldman Sachs maintained a Buy rating on CATL, the world's largest power battery manufacturer, projecting its energy storage business unit's gross profit to increase by approximately 1.6 times between
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Chinese large model company DeepSeek has completed approximately 100 billion yuan in financing, with CATL and Tencent participating in the investment.
According to Sina, citing media reports, Chinese large model company DeepSeek has completed two rounds of large-scale financing in less than half a year. This round of financing amounted to approximat
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Morgan Stanley: Chinese Battery Giant CATL's Q3 Profit Margin Plunge Is the New Normal, Market Earnings Expectations to Be Significantly Revised Downward
Morgan Stanley's latest report indicates that Chinese battery giant CATL's Q3 net profit was RMB 21.2 billion, a 15% year-on-year increase, but 12% below the firm's forecast. The core pressure stemmed
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Huawei's Enlight CEO Jin Yuzhi: Automotive intelligence sees three major changes, L3 autonomous driving standard to be implemented in 2027
At the 2026 World Intelligent Connected Vehicles Conference, Jin Yuzhi, Senior Vice President of Huawei and CEO of Qiankun (formerly known as "Intelligent Driving Business Unit"), stated that the latt
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CATL management anticipates a 20-30% increase in battery demand next year, but the company's Q3 net profit declined quarter-on-quarter, with its stock price falling over 10% during intraday trading.
CATL management stated on the evening of October 20 that global demand for power and energy storage batteries is expected to grow by 20% to 30% next year, considering this a "reachable and not excessi
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CATL Responds to Market Concerns: Industry Demand Not Pessimistic, Capacity Utilization to Remain High, Q3 Operating Cash Flow Decline Due to Proactive Payment Adjustments
CATL responded on October 21 to market concerns about its third-quarter report and sharp share price drop, stating that "industry demand is not that pessimistic, and capacity utilization will remain a
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CATL's Q3 revenue hit a new high, but net profit attributable to the parent company saw its year-on-year growth slow to 15% and a quarter-on-quarter decline.
Chinese battery giant CATL announced its third-quarter results after the market close on October 20. Revenue was approximately RMB 165.2 billion, a year-on-year increase of about 59%, setting a new qu
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China's A-shares and Hong Kong stocks opened higher this morning, with chip stocks rebounding, while CATL's A and H shares both plunged about 9%.
China's A-shares and Hong Kong stocks opened higher across the board this morning. The three major A-share indices fluctuated upwards in early trading, with concept stocks such as chip semiconductors,
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CATL, China's battery giant, saw its Q3 net profit growth slow to 14.54%, with its stock price falling.
Chinese battery giant CATL reported a surprising slowdown in net profit growth for the third quarter, rising 14.54% year-on-year to 21.25 billion yuan (approximately $3.18 billion), falling short of a
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CATL launches "electric-electric range extension" solution for heavy-duty trucks; China's new energy heavy-duty truck penetration rate exceeds 50% for the first time in September.
Wallstreetcn reported that CATL launched its "Electric-Electric Range Extender" solution for Tianxing II heavy-duty trucks on October 20. This solution involves leasing the main drive battery and equi
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CATL and Huawei Qiankun signed an intelligent energy replenishment agreement to jointly explore unmanned energy replenishment scenarios.
On October 19, CATL, Contemporary Amperex Energy Service Technology Ltd. (CAES), and Huawei's Intelligent Automotive Solution Business Unit (IAS BU) signed a strategic cooperation agreement for an int
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Yang Jun, head of CATL's battery swap business, will concurrently serve as Co-President of the Market System, responsible for the passenger vehicle division.
CATL aims to further expand and strengthen its battery swap business and push it to a broader customer base, Wallstreetcn learned from sources. Han Wei, former Co-President of the Market System, and W
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CATL Chairman Robin Zeng: Surging electricity consumption for hashrate makes energy storage an "indispensable new type of infrastructure."
CATL Chairman Robin Zeng said at the 2026 World Energy Storage Conference that energy storage is gradually transforming from a supporting facility for new energy into an indispensable new type of infr
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China's lithium battery exports surged by 36.4% year-on-year in the first three quarters, with overseas business continuing to expand.
According to data released by the General Administration of Customs on October 14, China's lithium battery exports increased by 36.4% year-on-year in the first three quarters. Specifically, exports to
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Morgan Stanley: Market Underestimates CATL's Resilience, Maintains "Overweight" Rating for A-shares, Target Price 500 Yuan
Morgan Stanley, in a research report published on October 9, stated that investors' current earnings expectations for Chinese battery giant CATL are overly pessimistic, and the market is underestimati
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Seres and CATL signed a long-term strategic cooperation agreement to deepen their "factory-in-factory" and overseas market collaboration.
Seres Group and CATL signed a long-term strategic cooperation agreement in Chongqing on October 10. The two parties will accelerate the construction of the second phase of their "factory-in-a-factory"
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CATL's stock surged as its relationship with clients faces reshaping amid the trend of automakers developing their own batteries.
CATL's A-shares rose over 5% intraday today, closing up approximately 3.84%. In the preceding two months, market concerns that automakers' in-house battery development would impact CATL's orders and p
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JPMorgan Chase maintains an "Overweight" rating on China's CATL, with a target price of RMB 520 / HKD 725, stating that the market has severely misjudged the "de-CATL-ization" narrative.
JPMorgan Chase released an in-depth research report, stating that the market's "de-CATL-ization" narrative regarding Chinese power battery giant CATL is a serious misjudgment. The report points out th
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CATL's Hungarian plant has begun trial production, which analysts expect will help the company expand into international markets.
CATL announced that its €7.3 billion (approximately $8.35 billion) battery cell plant in Debrecen, Hungary, began trial production on Tuesday, having passed all regulatory approvals and met the prereq
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