CATL's JV Plant With Stellantis Could Expand Its European Footprint -- Market Talk

Dow Jones12-11

0310 GMT - Contemporary Amperex Technology's investment in a joint venture plant with Stellantis could further expand its footprint in the European market, Nomura analysts Ethan Zhang and Bing Duan say in a research note. As the EU encourages localized battery production with higher requirements on life-cycle carbon footprint, the new battery plant should help CATL strengthen its relationship with Stellantis, they say. As CATL's capacity expansion was largely muted in 2023-2024, it could resume capital expenditure growth in 2025, which may also benefit key players in the battery equipment sector, such as Wuxi Lead Intelligent. Nomura reiterates its buy rating for CATL and keeps its target price unchanged at CNY300.00. Shares are last at CNY271.17. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

December 10, 2024 22:10 ET (03:10 GMT)

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As CATL's capacity expansion was largely muted in 2023-2024, it could resume capital expenditure growth in 2025, which may also benefit key players in the battery equipment sector, such as Wuxi Lead Intelligent. Nomura reiterates its buy rating for CATL and keeps its target price unchanged at CNY300.00. Shares are last at CNY271.17. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 10, 2024 22:10 ET (03:10 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CATL's JV Plant With Stellantis Could Expand Its European Footprint -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCATL's JV Plant With Stellantis Could Expand Its European Footprint -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-11 11:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0310 GMT - Contemporary Amperex Technology's investment in a joint venture plant with Stellantis could further expand its footprint in the European market, Nomura analysts Ethan Zhang and Bing Duan ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2328871848.SGD","symbol_name":"Eastspring Investments - China A Shares Growth AS SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490057240","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490057240","pubTimestamp":1733886600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0310 GMT - Contemporary Amperex Technology's investment in a joint venture plant with Stellantis could further expand its footprint in the European market, Nomura analysts Ethan Zhang and Bing Duan say in a research note. 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As the EU encourages localized battery production with higher requirements on life-cycle carbon footprint, the new battery plant should help CATL strengthen its relationship with Stellantis, they say. As CATL's capacity expansion was largely muted in 2023-2024, it could resume capital expenditure growth in 2025, which may also benefit key players in the battery equipment sector, such as Wuxi Lead Intelligent. Nomura reiterates its buy rating for CATL and keeps its target price unchanged at CNY300.00. Shares are last at CNY271.17. 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