CATL's market value exceeded 200 billion yuan -Lithium - Ion Battery Equipment

CATL's market value exceeded 200 billion yuan -Lithium - Ion Battery Equipment

CATL rose in the afternoon, the stock price hit a record high, the highest reported at 92.9 yuan, and the market value exceeded 200 billion yuan. As of press time, the stock reported 92 yuan, an increase of 3.81%.

CATL was listed on June 11, and the momentum was fierce. After 8 days of daily limit, it surpassed the market value of BYD, the original power lithium battery overlord, and surpassed the original "GEM first brother" Wen's shares to become the new first brother on the GEM. On June 22, CATL opened the continuous daily limit. Although the stock price fluctuated, the overall trend was still rising. It finally broke through the market value of 200 billion on July 24, which was close to the previous estimate of the highest market value of 201.5 billion given by brokers.(Lithium - Ion Battery Equipment)

The recent performance of CATL's stock market is also related to its recent continuous major news:

On July 19, the company announced that it intends to jointly invest with GAC to establish two subsidiaries: Time GAC is mainly engaged in the production of power lithium batteries, with a registered capital of 1 billion; GAC Times is mainly engaged in the production and sales of battery systems, with a registered capital of 100 million.

On July 17, the company announced that it signed a "Strategic Cooperation Agreement" with BMW Brilliance, including: 1) BMW Brilliance purchased battery production construction projects from the company with an amount of 815 million; 2) BMW Brilliance will purchase power lithium batteries from the company for a long time. And pay an initial advance payment of RMB 2,852.5 million for this purpose; 3) In the subsequent implementation of equity financing, BMW Brilliance has the right to make equity investment in the company, with an upper limit of RMB 2,852.5 million.

On July 10, CATL announced that the company received a designated letter from BMW on May 16, expressing BMW's intention to purchase power lithium battery products from the company, clarifying CATL's obligation to supply products for it, and predicting sales according to relevant models. The corresponding battery demand is converted to about 4 billion euros.

On July 9, CATL's official WeChat account tweeted that the company signed an investment agreement with the state government of Thuringia, Germany, to set up a battery production base and R&D center in Erfurt. The German plant is scheduled to be put into operation in 2021. After reaching production in 2022, it will have an output of 14GWh, which will be used for BMW, Volkswagen, Daimler, Jaguar Land Rover, pSA and other world-renowned car companies.

There are many outstanding players in the battery industry. How can CATL stand out among many battery companies, become the first brother of the GEM, and break through the market value of 200 billion?



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