Latest news with #ShenzhenStockExchange
Observer
3 days ago
- Business
- Observer
$1 bn Li-ion battery materials project proposed in Oman
Muscat, June 5 Chinese global battery materials manufacturer Hunan Zhongke Electric Co Ltd, a publicly traded company listed on the Shenzhen Stock Exchange, has announced that it plans to set up a first-ever lithium-ion battery anode production facility in the Sultanate of Oman with an investment estimated at $1.1 billion (equivalent to around 8 billion yuan). The proposed investment will be made through its Hong Kong-based wholly-owned subsidiary, Zhongke Shinzoom (Hong Kong) Holdings Limited, a subsidiary of its holding subsidiary Hunan Zhongke Shinzoom Graphite Co, Ltd. The project centres on the development of an integrated base for the production of 200,000 metric tonnes of lithium-ion battery anode materials annually. The facility, tipped to be built at Sohar Port and Free Zone, will be constructed in two phases, each with a planned capacity of 100,000 mt per year, and the construction period for each phase is expected to be 36 months. Zhongke specialises in developing, manufacturing, and distributing graphite negative electrode materials for lithium batteries used in consumer electronics, electric vehicles, and energy storage. The company also produces electromagnetic equipment and other products. Its products are supplied to leading manufacturers of auto batteries in China and globally. Zhongke aims to capitalise on the restructuring of the global lithium battery supply chain by leveraging its Oman project to expand into international markets, tap into emerging opportunities, and position itself as a leading global brand in lithium-ion battery anode materials. Together with investments flowing into polysilicon, solar PV and module, and even wind turbine projects in Suhar and Al Duqm, the latest investment in lithium battery materials will enhance Oman's positioning as a regional hub for goods destined for the burgeoning global clean energy industry.
BusinessToday
24-05-2025
- Business
- BusinessToday
US-China Truce Fuels Optimism, Rate Cuts On The Horizon
(220704) -- BEIJING, July 4, 2022 (Xinhua) -- A staff member walks past the Shenzhen Stock Exchange in Shenzhen, south China's Guangdong Province, Sept. 21, 2020. (Xinhua/Mao Siqian) A potential soft landing for the global economy is now the base case scenario, with a 50% probability, according to Standard Chartered's latest macro outlook, led by Rajat Bharatcharya, Senior Strategic Analyst. The easing of US-China trade tensions and expected policy responses in major economies are supporting this view, although both downside and upside risks remain on the radar. Soft Landing Scenario (50% probability): Truce Fuels Optimism, Rate Cuts on the Horizon The report highlights that the recent US-China tariff truce has significantly lowered the risk of a hard landing for the US economy. Though tariffs remain high and could still hamper growth while stoking inflation, the shift in focus towards trade deals, tax cuts, and deregulation is expected to lift consumer and business sentiment. 'As the job market cools, we expect the US Federal Reserve to cut rates by 75 basis points over the next 12 months, beginning in the second half of the year,' said Bharatcharya. 'Fiscal and monetary stimulus in China and Europe, particularly Germany, will also help broaden the global growth base beyond the US.' Downside Risk (25% probability): Trade Shocks May Still Trigger Recession Despite the optimism, the risk of a mild recession in the US remains if consumer and business confidence deteriorates, especially in the event of renewed trade friction. Bharatcharya warned that even accelerated rate cuts may not be enough to prevent a downturn if real activity data turns south. Another downside threat: a surge in US bond yields if tax cuts are unfunded, potentially triggering a sell-off in the US dollar and hurting sentiment globally. Upside Risk (25% probability): Deregulation and 'Grand Bargain' Could Ignite Global Growth On the flip side, there's also a 25% chance of a 'no-landing' scenario where the US economy avoids a slowdown entirely. This would require strong private sector momentum spurred by deregulation, tax cuts, and strategic trade agreements – including a potential 'grand bargain' with China. 'This would lift domestic consumption in China, spur European investment, and lead to a more balanced global economy,' Bharatcharya noted. Market Focus Shifts to Hard Data While the US-China truce has helped ease global trade uncertainty, investors are now watching closely for incoming US labour and activity data to assess the underlying strength of the economy. 'The spotlight is now firmly on 'hard' data, especially job openings and unemployment rates, to gauge if policy actions have helped or further weakened the labour market,' Bharatcharya said. Macro Policy Themes US Tax Cuts and Tariffs: Despite tariff rollbacks, the average US tariff remains elevated at 16.4%, the highest since 1937, according to Yale's Budget Lab. This is projected to trim US GDP by 0.7% and push inflation up by 1.7%, adding urgency to implement tax cuts and deregulation. A moderate fiscal stimulus is anticipated, constrained by bond market sensitivities. Germany's Fiscal Push and the ECB: Europe's growth trajectory hinges on Germany's EUR 500 billion infrastructure plan, recently approved by parliament. While Eurozone service sector activity slowed in May, the German fiscal package and improving trade relations are expected to reduce pressure on the European Central Bank (ECB) to cut rates. Standard Chartered anticipates one more 25bps rate cut in June, followed by a pause. China Stimulus to Continue: Despite the trade truce, China remains under deflationary strain and faces headwinds from persistent US tariffs. Beijing is expected to maintain accommodative policies, including further cuts in bank deposit rates, to meet its 5% GDP growth target. Standard Chartered's macro outlook reflects cautious optimism amid evolving trade dynamics. 'The US-China truce removes the immediate threat of a global trade war,' said Bharatcharya. 'But policymakers must now focus on delivering structural reforms and targeted stimulus to sustain growth.' As markets brace for upcoming economic data, central bank moves, and geopolitical developments, the path forward remains finely balanced between soft landing hopes and potential macro shocks. Related
Yahoo
20-05-2025
- Automotive
- Yahoo
A Tesla battery supplier just had a huge IPO
The world's largest EV battery maker just shook the global financing stage with its IPO in Hong Kong. CATL, or Contemporary Amperex Technology Co., Ltd., saw its shares surge 16% on Tuesday, raising $4.6 billion in the world's largest public offering so far this year. CATL is already listed on China's Shenzhen Stock Exchange and has a market valuation surpassing 1 trillion yuan (about $138.7 billion), but its Hong Kong debut is a bold statement about the company's financial strength and global ambitions. The company's decision to dual-list is seen as part of CATL's larger strategy to tap into international capital and elevate its global reach amid increasing competition from other battery manufacturers such as LG Energy Solution and Panasonic. The battery maker supplies some of the world's biggest automakers — including Tesla (TSLA), Volkswagen (VWAGY), Ford (F), Toyota (TM), and Mercedes-Benz (MBGYY) — and accounts for more than one-third of all EV batteries sold worldwide. The company has solidified its role at the heart of the EV revolution, powering everything from electric sedans to trucks and buses. In the first quarter of 2025, CATL reported a 30% increase in net profit, driven by the continued surge in global demand for electric vehicles and energy storage solutions. With the demand for EVs exploding globally, CATL is playing a critical role in the transition to a more sustainable automotive industry. But despite its credentials, CATL's IPO came amid increasing geopolitical tensions. The company has faced challenges linked to its Chinese roots, including trade barriers from the U.S.-China trade war, auto tariffs, and fears of a slowdown in China's economy. Tensions escalated to the point where, in January, the U.S. Department of Defense added CATL to a list of companies allegedly tied to the Chinese military — a claim CATL vehemently denies, calling it a 'false designation.' As a result of the tensions, CATL banned U.S. onshore investors from its Hong Kong stock sale. Meanwhile, last month, CATL reaffirmed its position as the leading battery supplier in the rapidly growing EV market. The company revealed that it's working on a game-changing battery that promises to be lighter, more affordable, faster to recharge, and more resilient to cold temperatures — all while delivering greater driving range. In its quest to remain at the forefront of EV innovation, CATL is also expanding its global footprint. With more than 100,000 employees and 13 production plants worldwide, the company continues to scale operations to meet surging demand for electric vehicles. It also has six research and development centers around the globe. Recently, CATL also unveiled energy storage systems, meaning the company is targeting not just the automotive industry but also large-scale energy storage solutions for grids, setting it up as a potential major player in the renewable energy market. For the latest news, Facebook, Twitter and Instagram. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Automotive
- Yahoo
Tesla battery supplier CATL pops in its first day of Hong Kong trading
Tesla supplier CATL rose 13% in its Hong Kong trading debut on Tuesday morning. The IPO raised $4.6 billion, primarily to fund its European expansion. CATL competes with Tesla and BYD in the EV battery supplier market. Key Tesla supplier CATL rose 13% in its Hong Kong trading debut on Tuesday morning. The world's largest battery maker filed to go public in Hong Kong earlier this year, primarily to fund its European expansion. CATL has been listed on the Shenzhen Stock Exchange since 2018. The initial public offering raised HK$35.7 billion, or $4.6 billion, according to a company filing. That size makes it one of the largest global listings of the year. The stock was listed at HK$263 per share. Companies pursue dual listings — where a company is traded on more than one exchange — because it gives them access to more capital and lets their shares trade for a longer time if the exchanges are in different time zones. Hong Kong listings are a popular option for Chinese companies because they allow international investors to buy stock. In a document filed with the Hong Kong exchange in February, CATL said that part of the money raised will be used to build a $7.6 billion battery plant in Hungary. The rest will be used for daily business. CATL has a partnership with Jeep and Fiat maker Stellantis in Spain. CATL is a major supplier to Tesla, selling lithium-iron phosphate batteries to its Shanghai factory. Last week, HSBC analysts led by Elaine Chen wrote in a note that CATL has a "dominating domestic position" in the EV battery market, enabled by "continuous products upgrade and innovation." They added that they see the company "unlock more volumes opportunities in Europe on its superior-than-peers affordability and leading lithium iron phosphate (LFP) technology." CATL is ramping up competition against Tesla and Chinese EV star BYD. Late last month, CATL unveiled a new battery it said can out-charge BYD and Tesla. It launched an updated version of its Shenxing battery, which it said allows electric vehicles to add 520 kilometers, or 323 miles, of range in just five minutes of charging. EV companies are trying to cut charge times to entice buyers who are wary of switching to electric. In January, the Department of Defense added CATL to its list of "Chinese military companies" operating in the United States. CATL denied it had any association with the Chinese military and said it was prepared to contest the decision with legal action if necessary. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
20-05-2025
- Automotive
- Time of India
CATL shares surge 13% on first day of Hong Kong listing, biggest IPO deal of 2025
Shares of battery maker CATL or Contemporary Amperex Technology Co Limited, soared more than 13per cent , after the company's debut in Hong Kong's stock market on Tuesday. The company raised a whopping $4.6 billion, making it the biggest initial public offering anywhere in the world so far this year. CATL is a global leader in electric vehicle battery manufacturing, producing more than a third of all EV batteries sold worldwide. The company's secondary listing in Hong Kong comes as it ramps up efforts to expand globally, especially across Europe. The stock jumped to a high of HK$299.80 during morning trading, recording a 13.7per cent rise from its listing price of HK$263.00. Expansion CATL is already listed on the Shenzhen Stock Exchange in southern China, and its secondary listing in Hong Kong was announced last December. The funds raised from the Hong Kong listing are expected to fuel CATL's overseas growth. The company is already building a second European factory in Hungary, following the opening of its first in Germany last year. It has also partnered with automotive giant Stellantis on a $4.6 billion battery plant in Spain, due to begin production by late 2026. Blockbuster listing Tuesday's listing comes as Hong Kong's stock exchange looks forward to bringing back major Chinese firms, aiming to reclaim its title as the world's premier IPO venue. The financial markets had seen a downturn in new listings after a regulatory crackdown by Beijing in 2020 prompted several mainland giants to hold their IPO plans. Controversial IPO Meanwhile, CATL's debut has not been without controversy. In January, the US defence department designated the company as a 'Chinese military company.' In April, the US house select committee on the Chinese Communist Party urged JPMorgan and Bank of America to back out of the IPO. Both banks, however, remained involved in the deal. CATL has rejected the allegations, saying it has never engaged in any military-related activities. Beijing also criticised the US listing as political "suppression". In a strategic move to minimise potential legal fallout, CATL structured the deal as a Regulation S offering, meaning shares cannot be sold to US-based investors. Founded in 2011 in the Chinese city of Ningde, CATL flourished on the back of China's booming EV sector, strong state backing, and partnerships with major automakers including Tesla, Mercedes-Benz, BMW and Volkswagen.
