Core Insights - The report indicates a steady growth in China's power battery installation volume, with January figures showing a total of 42 GWh, representing an 8% year-on-year increase [1] - The sales of new energy vehicles in January reached 945,000 units, a slight increase of 0.1% year-on-year, with a penetration rate of 40.3% [1] - Leading companies in the power battery sector, such as CATL and BYD, have shown varying performance, with CATL's installation volume increasing by 15% to 20.9 GWh, while BYD's decreased by 18% to 7.3 GWh [1] Industry Performance - The power equipment industry experienced a weekly increase of 1.13%, ranking 13th among 31 primary industries in the Shenwan index [2] - The industry outperformed the CSI 300 index, with the Shanghai Composite Index and CSI 300 both showing a 0.4% increase [2] - Sub-sectors such as electric motors and other power equipment saw gains of 2.4% and 6.0%, respectively, while photovoltaic and wind power equipment experienced declines [2] Investment Strategy - The report suggests focusing on companies within the power battery supply chain that are technologically advanced and hold significant market influence, particularly CATL [3]

Group 1: Automotive Industry Inventory and Subsidies - As of January 2026, the national passenger car inventory in China stands at 3.57 million units, a decrease of 80,000 units from the previous month, but an increase of 580,000 units compared to January 2025, indicating a high inventory level [1] - The inventory supports a sales period of 70 days, which is higher than 65 days in January 2023 and equal to January 2024, but significantly higher than 48 days in January 2025, suggesting considerable inventory pressure [1] - In Henan Province, a new subsidy policy for vehicle trade-ins has been announced, offering up to 20,000 yuan for scrapping old vehicles and purchasing new energy vehicles, and up to 15,000 yuan for fuel vehicles, with varying percentages based on the vehicle type [1] Group 2: Collaborations and Factory Developments - BMW Group signed a memorandum of understanding with CATL to enhance collaboration in battery supply chains aimed at reducing carbon footprints in electric vehicles [2] - Great Wall Motors plans to establish a second factory in Brazil's Espírito Santo state, with an annual production capacity of 200,000 vehicles, following the opening of its first factory in the region last year [2] Group 3: Vehicle Recalls - Hyundai, Kia, and BMW are voluntarily recalling over 107,158 vehicles in South Korea due to fire risks associated with manufacturing defects across 37 models [4] - BMW is recalling 58,713 vehicles in the U.S. due to potential damage to electrical wiring during air filter replacements, which could lead to short circuits and fire risks [5] Group 4: Innovations in Automotive Technology - Seres Automotive has published a patent for a method and device for identifying motion sickness, utilizing multi-source signal samples to train a model for predicting passenger discomfort [3]

Core Viewpoint - The meeting emphasized the importance of integrating the "four chains" to enhance the development of key industrial chains in the county, aligning with the province's "14th Five-Year Plan" goals and leveraging the collaboration of entrepreneurs, scientists, and investors to create a robust industrial foundation for the new Fujian [1][7]. Group 1: Meeting Highlights - The meeting was attended by key officials including the provincial governor, who highlighted the progress made in high-quality development of county-level industrial chains under the leadership of the provincial committee [2][3]. - The governor pointed out that the current year marks the beginning of the "14th Five-Year Plan," urging a strategic approach to understand trends in technological and industrial revolutions, and to act as pioneers in technological innovation and high-quality development [4][7]. Group 2: Strategic Initiatives - A systematic approach to deepen the development of key industrial chains was proposed, focusing on nurturing leading enterprises, enhancing small and medium-sized enterprises, and creating a vibrant industrial ecosystem [8]. - The strategy includes strengthening existing industrial chains, addressing gaps, and extending shorter chains to create a collaborative development model [8]. Group 3: Government and Policy Support - The governor emphasized the need for government departments to adopt a correct performance outlook, enhance coordination, and create a favorable business environment to support the development of key industrial chains [5][8]. - The meeting also featured speeches from prominent industry leaders and academics, indicating a collaborative effort to promote the integration of the "four chains" [9].

Group 1 - BMW Group's Chairman, Zipser, visited China with German Chancellor Merz and signed a cooperation memorandum with CATL, focusing on collaborative decarbonization of the battery supply chain for electric vehicles [1] - The partnership aims to systematically reduce the carbon footprint of electric vehicles throughout their lifecycle, enhancing both companies' strategic positioning in sustainable development [1] - Zipser emphasized the need for enhanced communication and political trust among nations in the current complex international environment, highlighting China's role as the largest automotive market and a hub for technological innovation [1] Group 2 - BMW's localization strategy in China is reaching a critical milestone with the upcoming global debut of the new generation BMW iX3 long wheelbase version at the Beijing Auto Show in April [2] - The core digital experience features of this model are developed collaboratively by BMW's global and local R&D teams, aiming to better meet the actual needs of the Chinese market and consumers [2]

Core Viewpoint - BMW Group's chairman, Zipse, signed a memorandum of understanding with CATL during a visit to China with German Chancellor Scholz, aiming to enhance collaboration in the electric vehicle supply chain and reduce carbon footprints [1] Group 1: Strategic Collaboration - The partnership focuses on promoting synergy in the battery supply chain to systematically lower the carbon footprint of electric vehicles and deepen sustainable development cooperation [1] - Zipse emphasized the importance of collaboration and open innovation, highlighting that China is central to BMW's global strategy [1] Group 2: Local Investment and Development - BMW has invested over 120 billion yuan in its production base in Shenyang and established four major R&D innovation centers and three software companies in China, creating a comprehensive localization system [1] - A new milestone in localization is marked by the upcoming global debut of the new generation BMW iX3 long-wheelbase version at the Beijing Auto Show in April, with core digital experience features developed by global and Chinese teams to meet local consumer needs [1]

Group 1 - BMW Group signed a memorandum of understanding with CATL to enhance collaboration in the electric vehicle battery supply chain and reduce carbon footprints [2][4] - The partnership aims to explore cross-border data sharing in battery passports and develop innovative carbon accounting tools, leveraging the standardized data ecosystem Catena-X [4] - BMW's strategy emphasizes the importance of deepening cooperation with Chinese partners to drive innovation and maintain global competitiveness [5] Group 2 - China is projected to become Germany's largest trading partner again by 2025, highlighting the resilience and complementarity of Sino-German economic relations [4] - The automotive industry is a core pillar of Sino-German cooperation, with BMW planning to launch new models to meet the growing demand for high-quality products in China [4] - BMW has invested over 120 billion RMB in its Shenyang production base since 2010, establishing it as a leading center for smart manufacturing and innovation [7] Group 3 - BMW has established four R&D innovation centers and three software companies in China, reflecting the country's strategic importance in BMW's global innovation landscape [7] - The upcoming launch of the new generation BMW iX3 long-wheelbase version in April will be the most localized model to date, developed by both global and Chinese teams [7] - BMW's strategy focuses on "in China, for China, and progressing together with China," aiming to deepen localization and foster innovation with Chinese partners [7]

香港联交所最新资料显示，2月16日，摩根大通增持宁德时代（300750）(03750)15.4984万股，每股均价 531.7224港元，总金额约为8240.85万港元。增持后最新持股数目约为1405.43万股，最新持股比例为 9.01%。 ...

智通财经APP获悉，香港联交所最新资料显示，2月16日，摩根大通增持宁德时代(03750)15.4984万股， 每股均价531.7224港元，总金额约为8240.85万港元。增持后最新持股数目约为1405.43万股，最新持股 比例为9.01%。 ...

Group 1: Market Overview - The total trading amount for the Shanghai Stock Connect today was 151.32 billion, while the Shenzhen Stock Connect totaled 168.22 billion [2] - The top traded stocks in the Shanghai Stock Connect included Northern Rare Earth with 1.92 billion, followed by 34-Year Salary and Industrial Fulian with 1.88 billion and 1.82 billion respectively [3] - In the Shenzhen Stock Connect, CATL led with 2.89 billion, followed by Tianfu Communication and Zhongji Xuchuang with 2.56 billion and 2.51 billion respectively [3] Group 2: Sector Performance - The non-ferrous metals and chemical sectors showed significant gains, while the film and television, as well as AI application sectors, experienced declines [4] - The non-ferrous metals sector had a net inflow of 5.36 billion, leading all sectors, followed by electronics with 5.29 billion and communications with 4.64 billion [5] - The computer sector saw the highest net outflow of 12.41 billion, followed by cultural media with 8.81 billion and film and television with 2.53 billion [6] Group 3: Stock-Specific Activity - Tongyuan Petroleum saw a price increase of 14.51% with institutional purchases totaling 385 million, while it faced a sell-off of 138 million from two major retail investors [12] - Dongyue Silicon Material experienced a strong surge, receiving 102 million from quantitative funds and 59 million from a major retail investor [12][14] - The top stocks with net inflows included Zhongji Xuchuang with 221.8 million and Huagong Technology with 133 million [7] Group 4: ETF Trading - The top ETF by trading amount was A500 ETF Fund with 10.65 billion, showing a 27.23% increase from the previous trading day [9] - The A500 ETF from Huatai Baichuan and Southern also saw significant trading volumes of 8.20 billion and 7.60 billion respectively, with growth rates of 3.46% and 27.31% [9] - The ETF with the highest increase in trading amount compared to the previous day was the Brazil ETF from E Fund, which surged by 489.90% to 1.11 billion [10] Group 5: Futures Market - In the futures market, the main contracts for IH, IF, and IC saw both long and short positions increase, with a notable increase in short positions for the IF contract [11]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Contemporary Amperex Technology Co., Limited 寧德時代新能源科技股份有限公司 董事會會議召開日期 寧德時代新能源科技股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本 公司將於2026年3月9日（星期一）舉行董事會會議，藉以（其中包括）考慮及批准 本公司及其附屬公司截至2025年12月31日止年度之年度業績及其發佈，以及考慮 建議派發末期股息（如有）。 承董事會命 寧德時代新能源科技股份有限公司 董事長、執行董事兼總經理 曾毓群先生 中國寧德，2026年2月25日 於本公告日期，董事會成員包括董事長兼執行董事曾毓群先生、執行董事潘健先 生、李平先生、周佳先生、歐陽楚英博士及吳映明先生；及獨立非執行董事吳育 輝博士、林小雄先生及趙蓓博士。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3750） ...