Core Viewpoint - The company has decided to terminate the planned acquisition of a 25% stake in Shaowu Yongtai High-tech Materials Co., Ltd. from CATL due to a lack of consensus among the parties involved, and this decision will not adversely affect the company's operations or financial status [1][3][5]. Group 1: Transaction Planning and Termination - The company actively communicated and negotiated with relevant parties during the planning of the transaction [2]. - The decision to terminate the transaction was made after careful evaluation and discussions with related parties, considering both internal and external factors [3]. - The transaction was still in the planning stage, and no formal agreements had been signed, meaning the termination will not impact the company's business operations [5]. Group 2: Decision-Making Process - The termination of the transaction did not require board approval as it was still in the planning phase and had not been submitted for board review [4]. Group 3: Impact of Termination - The termination of the transaction will not negatively affect the company's business operations, production activities, or financial condition [5]. - The company maintains a good cooperative relationship with CATL, and the termination will not have a substantial impact on their business interactions [5]. Group 4: Stock Resumption and Commitments - The company's stock will resume trading on February 24, 2026, following the termination announcement [6]. - The company commits not to plan any major asset restructuring for at least one month following the announcement [6].

证券之星消息，根据企查查数据显示宁德时代（300750）公布了一项国际专利申请，专利名为"电池封装设备"，专利申请号为 PCT/CN2024/115447，国际公布日为2026年2月12日。 专利详情如下： 图片来源：世界知识产权组织（WIPO） 今年以来宁德时代已公布的国际专利申请228个，较去年同期增加了33.33%。结合公司2025年中报财务数据，2025上半年公司在研发方面投入了 100.95亿元，同比增17.48%。 数据来源：企查查 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 相关ETF 中证500ETF华夏 (产品代码: 512500) ★ 跟踪：中证500指数 近五日涨跌:2.22%。 市盈率: 37.66倍 资金流向: 最新份额为36.5亿份，增加 了2560.0万份，净申赎1.2 亿元。 估值分位:69.42% 沪深300ETF华夏 (产品代码: 510330) ★ 跟踪：沪深300指数 近五日涨跌:0.47% 市盈率： 14.02倍 资金流向: 最新份额为193.3亿份,减 少了1440.0万份，净申 赎-7 ...

Core Viewpoint - The Amplify Lithium & Battery Technology ETF (BATT) has outperformed other ETFs in the lithium and battery sector, driven by a diversified approach that captures broader industrial trends and demand for battery energy storage systems (BESS) [1] Performance Comparison - As of February 13, 2026, BATT has increased by 14.5% year-to-date, outperforming the Global X Lithium & Battery Tech ETF (LIT) which is up 10.94%, and other mining-focused ETFs like iShares Lithium Miners and Producers ETF (ILIT) at 9.7%, Sprott Lithium Miners ETF (LITP) at 4.65%, and Themes Lithium & Battery Metal Miners ETF (LIMI) at 3.77% [1] Reasons for BATT's Outperformance - BATT's total ecosystem approach includes exposure across the battery value chain, from diversified miners to cell manufacturers and grid storage leaders, unlike LIT which is heavily concentrated in lithium mining and refining [1] - Significant weights in copper and nickel have contributed to BATT's performance, with copper prices reaching new highs due to AI-driven grid modernization [1] - The launch of Project Vault, a $12 billion U.S. strategic mineral reserve, has provided a valuation floor for the sector, acting as a buyer of last resort for battery metals [1] - The demand for BESS has surged, driven by the growth of AI data centers, with companies in BATT's portfolio reporting record shipments for stationary storage [1] Key Holdings Contributing to BATT's Performance - BHP Group Ltd. (BHP) - 7.62% weight, benefiting from rising nickel prices and steady copper demand [1] - Contemporary Amperex Technology (CATL) - 5.71% weight, dominating the lithium iron phosphate market for utility-scale storage [1] - Freeport-McMoRan Inc. (FCX) - 5.24% weight, a primary copper producer benefiting from AI-driven grid upgrades [1] - Tesla, Inc. (TSLA) - 4.77% weight, with its Megapack business contributing significantly to margins [1] - BYD Co. Ltd. (BYD) - 4.17% weight, maintaining high margins through vertical integration [1] Key Themes to Watch - The stationary storage market is emerging as a major performance driver, with a shift towards grid-scale batteries providing a growth narrative alongside the competitive EV market [1] - Diversified mining is proving to be a safer investment compared to pure-play lithium, allowing BATT to achieve double-digit gains amid lithium price volatility [1] - The impact of U.S. industrial policy, particularly Project Vault and tax rebate adjustments in China, is front-loading global demand and intensifying the battery arms race [1]

业务与技术发展 经济观察网康迪科技(NASDAQ:KNDI)与宁德时代（300750）子公司时代骐骥签署为期三年的战略合作 协议，成为其重卡换电站核心设备供应商，将参与2026年建设900座换电站的计划，单站设备投资超500 万元，这可能为公司在2026年带来显著的订单和营收机会。 合作可能为康迪科技切入国际换电市场或未来乘用车换电领域奠定基础，但具体进展需关注后续公告。 以上内容基于公开资料整理，不构成投资建议。 康迪科技正从传统制造企业向科技控股型企业转型，换电业务和机器人业务是重点增长引擎。随着与宁 德时代合作的推进，换电业务营收占比预计快速提升，市场关注其估值是否从低位向新能源智能装备行 业平均水平修复。 未来发展 ...

Core Viewpoint - The company has decided to terminate the planned acquisition of a 25% stake in Shaowu Yongtai High-tech Materials Co., Ltd. from Contemporary Amperex Technology Co., Ltd. (CATL) and will resume trading of its shares on February 24, 2026 [1] Group 1 - The company initially intended to acquire the stake through a share issuance and raise matching funds [1] - The decision to terminate the transaction was made after careful consideration [1] - The company's stock will resume trading following the announcement of the termination [1]

Core Viewpoint - Yongtai Technology (002326.SZ) has announced the termination of its plan to acquire a 25% stake in Shaowu Yongtai High-tech Materials Co., Ltd. from CATL, along with the associated fundraising [1] Group 1 - The company had previously intended to purchase the stake through a share issuance [1] - Following careful consideration, the company decided to halt the transaction [1] - The company's stock will resume trading on February 24, 2026 [1]

Group 1 - The core viewpoint of the article indicates that Huayang Co., Ltd. has not yet established specific cooperation projects with CATL [1] - The company currently lacks concrete project information regarding the "thousand-ton low-carbon Fischer-Tropsch demonstration line for 2026-2027" [1]

Core Viewpoint - The Hang Seng Index will increase its constituent stocks from 88 to 90, adding three new companies while removing one [1] Group 1: Changes in Hang Seng Index - The new additions to the Hang Seng Index include Contemporary Amperex Technology Co., Ltd. (宁德时代, 03750.HK), Luoyang Molybdenum Co., Ltd. (洛阳钼业, 03993.HK), and Laopuqin Gold (老铺黄金, 06181.HK) [1] - Zhongsheng Group Holdings Limited (中升集团控股有限公司) will be removed from the index [1] Group 2: Implementation Timeline - All changes to the Hang Seng Index will be implemented after the market closes on March 6, 2025, and will take effect on March 9, 2025 [1]

Core Viewpoint - Horizon has announced a strategic partnership with CATL's subsidiary, Times Intelligent, which signifies a significant collaboration in the automotive technology sector, particularly in smart driving and battery systems [1][12]. Group 1: Strategic Partnership - The partnership involves Times Intelligent providing its Rock Solid chassis products and technology, which enhances battery integration efficiency and allows for concurrent development with vehicle body and smart driving modules [13]. - Horizon will contribute its full-scene assisted driving products and solutions, including the recently launched Horizon HSD, marking a significant step in automotive intelligence [13][14]. - This collaboration is expected to help both companies reduce costs and improve competitiveness in the industry [14]. Group 2: Leadership Changes - Zhu Wei has been appointed as the new president of Horizon, previously serving as the executive president at CATL, indicating a strategic shift towards commercialization [3][19]. - The former president, Chen Liming, will transition to the role of vice chairman, focusing on major strategic decisions and governance improvements [3][19]. - Zhu Wei's extensive experience in sales and partnerships within the electric vehicle sector is anticipated to accelerate Horizon's market penetration and enhance its operational capabilities [16][19]. Group 3: Market Position and Challenges - Horizon has achieved a market share of approximately 46% in the ADAS market as of the first half of 2025, becoming the first domestic brand to exceed a cumulative shipment of 10 million smart driving chips [22]. - Despite this success, Horizon faces challenges such as increasing competition, price wars, and dependency on major clients, with 71.8% of its revenue in 2024 coming from its top five clients [28][29]. - The company is also under pressure to innovate and reduce costs, as competitors are rapidly advancing in technology and pricing strategies [24][31]. Group 4: Future Outlook - Horizon aims to expand its presence in the international market, leveraging Zhu Wei's experience to navigate competitive landscapes against global giants like Qualcomm and NVIDIA [18][31]. - The company has set ambitious goals for the next few years, including a target of producing 10 million HSD units and significantly enhancing smart driving capabilities in urban environments [34]. - To achieve these objectives, Horizon will need to invest in research and development, streamline costs, and accelerate the commercialization of its products [34].

Macro Dynamics - In January 2026, the social financing scale increased by 7.22 trillion yuan, which is 166.2 billion yuan more than the same period last year [2] - The increase in RMB loans to the real economy was 4.9 trillion yuan, a decrease of 317.8 billion yuan year-on-year [2] - Net financing of corporate bonds was 503.3 billion yuan, an increase of 57.9 billion yuan year-on-year [2] - Government bonds net financing reached 976.4 billion yuan, an increase of 283.1 billion yuan year-on-year [2] Financial Institutions - The People's Bank of China and the National Financial Regulatory Administration have identified 21 systemically important banks in China, including 6 state-owned commercial banks, 10 joint-stock commercial banks, and 5 city commercial banks [3] Market Data - On February 13, A-shares saw all three major indices drop over 1%, with the Shanghai Composite Index falling 1.26% to below 4100 points [10] - The Hong Kong stock market closed with the Hang Seng Index down 1.72% and the Hang Seng Tech Index down 0.9% [11] Company Dynamics - Zhengyuan Wisdom's actual controller, Chen Jian, was sentenced to three years in prison for manipulating the securities market, but the company's operations remain normal [12] - CATL, Luoyang Molybdenum, and Laopu Gold will be included in the Hong Kong Hang Seng Index, increasing the number of constituent stocks from 88 to 90 [13] - Sinopec announced the resignation of Li Yonglin from his positions as executive director and senior vice president [14][15] - Zongshen Power plans to swap its motorcycle engine business with Longxin General's general machinery business, which is expected to constitute a major asset restructuring [16]