The market value of the battery giant Ningde Times has returned to above 900 billion!
On April 30, under the weak trend of the Shanghai Stock Exchange Index, CATL continued the upward trend of the previous two days, rising 8.18 yuan/share or 2.15% that day, closing at 388.17 yuan/share, and the total market value returned to 900 billion yuan. Above it is 904.2 billion yuan. Screenshot of Flush Software This is after the market value of Ningde Times fell below 900 billion yuan on February 22, it returned to above 9,000 yuan again and attacked the trillion yuan market value. Fundamentally, in the past month, CATL has announced a series of latest actions in addition to an annual report that has been recognized by the market. On April 28th, CATL announced that it signed two 'joint venture contracts' with consumer battery giant ATL. It plans to jointly invest 14 billion yuan to establish a battery cell joint venture company and a battery pack joint venture company to engage in household energy storage and electric applications. Ru0026D, production, sales and after-sales service of medium-sized batteries in two-wheeled vehicles and other fields. On the same day, CATL and ATL signed the 'Cross Technology Licensing Agreement' to conduct cross technology licensing for lithium-ion battery-related technologies developed or obtained by each. In the next 10 years, ATL shall pay CATL a fee of US$150 million every twelve months. The strong alliance between CATL and ATL announced that CATL is about to make further efforts in the energy storage and electric two-wheeled vehicle market, strengthen its competitiveness in the field of medium-sized power lithium batteries, and also use PTL in the field of energy storage and electric two-wheeled vehicles. Integrate the resources of the two parties, give full play to the advantages of both parties in their respective fields, and win a stronger voice in the industry chain. On April 27, at the same time as the annual report was announced, CATL announced its plan to invest another 19 billion yuan in listed companies in the industrial chain. The announcement stated that in order to meet the company’s long-term business development needs, promote a global strategic layout, and ensure the supply of key resources in the industry, the company plans to focus on its main business and invest in high-quality listed companies in the domestic and foreign industrial chains through securities investment, with a total investment of no more than 190 100 million yuan or equivalent currency. The notice pointed out that the scope of investment specifically includes stocks, convertible bonds, and other equity investment products of high-quality listed companies in the domestic and overseas industrial chains; investment methods include but are not limited to new share purchases, secondary market securities purchases, call auctions, negotiated transfers, and bulk purchases. Trading, participating in private placement and other methods permitted by laws and regulations. On April 10, according to the announcement made by Luoyang Molybdenum, Bangpu Times, an indirect holding company of CATL, and Luoyang Molybdenum, a wholly-owned subsidiary of Luoyang Molybdenum, signed a 'Strategic Cooperation Agreement' to invest in strategic shares, product underwriting, Cooperate in expanding cooperation and establishing an all-round strategic partnership for new energy metals.
