Core Viewpoint - CATL's successful listing on the Hong Kong Stock Exchange marks a significant milestone, raising approximately HKD 353 billion (around RMB 32.5 billion), making it the largest IPO globally this year [3][6]. Group 1: Listing Details - CATL's global offering consisted of 135 million shares, priced at HKD 263 per share, with the stock price surging over 18% on its first trading day, pushing its market capitalization beyond HKD 1.3 trillion [1][3]. - The listing was completed in a record time of 128 days, from the announcement of its intention to issue H-shares to its successful debut on the Hong Kong market [3][6]. Group 2: Fund Utilization - 90% of the funds raised will be allocated to the construction of the first and second phases of a project in Hungary, aimed at enhancing local production capabilities to meet the growing demand for power and energy storage batteries in Europe [6][7]. - The total investment for the battery production line in Hungary is expected to be no more than EUR 7.3 billion, with a production capacity of 100 GWh planned over three phases [6]. Group 3: Market Expansion and Competition - CATL aims to expand its overseas market presence in response to increasing competition in the domestic market, where it has maintained the top position in global power battery installations for eight consecutive years [7]. - The company faces challenges from rising competition and fluctuating raw material prices, which have impacted battery prices and sales growth in the electric vehicle sector [7]. Group 4: Strategic Vision - CATL's chairman emphasizes the company's ambition to be more than just a battery manufacturer, aspiring to become a provider of system solutions and a zero-carbon technology company [8]. - The listing is seen as a step towards deeper integration into the global capital market, supporting CATL's commitment to the global zero-carbon economy [8].

Group 1 - The core viewpoint of the articles highlights that the H-shares of companies like Ningde Times and BYD are trading at a premium compared to their A-shares, which is a rare occurrence in the current market environment where most A-shares are priced higher than H-shares [1][4] - Ningde Times' IPO in Hong Kong raised approximately HKD 35.3312 billion by offering around 135.6 million shares at an issue price of HKD 263 per share, with 90% of the funds allocated to projects in Hungary to enhance local supply capabilities [2][3] - The company reported a projected revenue of CNY 362.013 billion and a net profit of CNY 50.745 billion for the year 2024, reflecting a year-on-year growth of 15.01% [2] Group 2 - The Hong Kong Financial Secretary noted that Ningde Times' successful listing reflects confidence in the Hong Kong stock market and the acceleration of mainland enterprises' global strategies [3] - The H-share premium index indicates that A-shares are generally trading at a 33.31% premium over H-shares, with Ningde Times and BYD being exceptions to this trend [4] - Analysts suggest that the strong performance of Ningde Times in the Hong Kong market is due to its leadership position in the global battery manufacturing sector, attracting foreign investment [4][5]

Core Insights - The Ministry of Transport held a press conference discussing the integration of transportation and energy development, highlighting significant advancements in clean energy infrastructure across the country [1] Group 1: Clean Energy Infrastructure - The installed capacity of clean energy sources such as wind and solar in national transportation infrastructure has exceeded 890,000 kilowatts [1] - A total of 35,000 charging piles and approximately 51,000 charging parking spaces have been established [1] - The proportion of new energy city buses has reached 77.6% [1] - More than 430 clean energy vessels have been built or are under construction [1] - The electrification rate of national railways stands at 75.3% [1] Group 2: Future Development Plans - The Ministry aims to utilize land around highway service areas, toll stations, maintenance work areas, and monitoring centers for local clean energy development [1] - Plans are in place to accelerate the construction of near-zero carbon hubs and ports [1] - There will be a focus on enhancing charging and battery swapping facilities [1] - The construction of high-power charging infrastructure along highways will be expedited, along with the development of intelligent transformation projects for bidirectional charging and discharging facilities [1]

5月20日，宁德时代在香港联合交易所主板挂牌上市（股票代码为03750.HK）。 宁德时代此次港股上市，全球发售股份总数为绿鞋前1.35亿股，发行价格为263.00港元/股。 本次发行是首个以"仅设定价格上限"方式完成定价的"先A后H"上市项目，所设价格上限较定 价当日A股收盘价零折扣。本次港股上市从启动到完成仅用时128天。投资者涵盖了来自15个 国家和地区的主权基金、产业资本、长线机构、保险资金及多策略基金等。港股上市开盘即高 开，开盘价296.00港元/股，较发行价上涨12.55% 。 宁德时代正全力以赴研究零碳电网技术，包括电力电子、柔性调控、虚拟电厂等技术，打造新 型零碳电力系统，让零碳科技惠及千家万户。 全球产业新能源化零碳经济的最大增量 当前已有195个国家和地区公布碳减排国家自主贡献目标，各国都在加快能源结构转型。国际 能源署预测，2030年起，为实现"净零排放"，全球投资每年将达4.5万亿美元。 上市仪式上，宁德时代董事长兼CEO曾毓群发表《创新全球零碳科技，推动全球零碳经济》主 题讲话，并从全球零碳交通、全球零碳电力以及全球产业新能源化三个领域，分别介绍了全球 零碳经济的市场前景以及宁德时 ...

来源：光明网 5月20日，宁德时代在香港联合交易所主板挂牌上市，成为国内首家同时在A股和H股上市的动力电池公 司，也成为近年来港股市场规模最大的IPO项目之一。 本次发行是首个以"仅设定价格上限"方式完成定价的"先A后H"上市项目，所设价格上限较定价当日A股 收盘价零折扣。 本次港股上市从启动到完成仅用时128天。投资者涵盖了来自15个国家和地区的主权基金、产业资本、 长线机构、保险资金及多策略基金等。港股上市开盘即高开，开盘价296.00港元/股，较发行价上涨 12.55%。 在构建零碳电力体系方面，宁德时代正全力以赴研究零碳电网技术，包括电力电子、柔性调控、虚拟电 厂等技术，打造新型零碳电力系统，让零碳科技惠及千家万户。 "今年，我们所有电池工厂将实现碳中和。"曾毓群表示，宁德时代正在探索一体化零碳解决方案，与多 方合作打造零碳岛，共建零碳产业园，打造全域零碳示范城市。 当前，宁德时代已在全球设立了六大研发中心，全球研发人员超过2万名。今年2月，宁德时代香港研究 院正式启动运营。曾毓群表示，过去十年，宁德时代投入了超过700亿元研发经费，拥有专利及在申请 专利超43000项，连续五年新增专利数行业第一。 ...

导读： 在国际形势复杂多变的2025年，丹纳赫通采取了哪些增强在华投资与本土化的策略。 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我 们的推送。 5月1 5日，为期3天的第十七届深圳国际电池技术交流会/展览会（CIBF2 0 2 5）在深圳国际会展 中心盛大启幕。作为全球电池行业的关键风向标，本届展会由中国化学与物理电源行业协会精 心 打 造 ， 以 " 链 动 全 球 ・ 赋 能 绿 色 ・ 驱 动 未 来 " 为 主 题 ， 聚 焦 电 池 技 术 革 命 与 全 产 业 链 协 同 创 新，汇聚全球顶尖企业、科研机构与行业领袖，致力于为全球能源转型注入澎湃动能。 开幕式上，CIBF2 0 2 5组委会主席、中国化学与物理电源行业协会理事长郑宏宇发表讲话。她 指出，2 0 2 5年作为我国新能源行业从"规模扩张"向"质量跃升"的关键转折点，展现出强劲发展 动 能 。 " 新 三 样 "—— 新 能 源 汽 车 、 锂 离 子 动 力 电 池 、 太 阳 能 电 池 产 量 同 比 分 别 增 长 4 5 . 4% 、 3 9 . 2%、1 8 ...

Core Viewpoint - Ningde Times officially listed on the Hong Kong Stock Exchange, becoming the first domestic power battery company to be listed on both A-shares and H-shares, marking a significant milestone in its global capital market integration [1][3]. Group 1: Listing Details - The company submitted its prospectus in February and received approval from the Hong Kong Stock Exchange in April, completing the listing process in just over three months [3]. - A total of 135 million shares were issued at a price of 263 HKD per share, representing approximately 3% of the total share capital as of the end of Q1 [3]. - The net fundraising amount is approximately 35.3 billion HKD (about 32.5 billion RMB), making it the largest fundraising globally this year and the highest in over four years for the Hong Kong market [3]. Group 2: Market Performance - As of May 20, the stock price in Hong Kong reached 296.6 HKD, an increase of 12.89%, while the A-share price was 257.31 RMB, showing a decrease of 1.03% [3]. Group 3: Investor Participation - 23 institutional investors, including Sinopec, Kuwait Investment Authority, and Hillhouse Capital, subscribed to 57.1% of the issued shares, with Sinopec and Kuwait Investment Authority contributing the highest amounts of 3.87 billion HKD each [3]. Group 4: Strategic Focus - The chairman stated that the Hong Kong listing allows the company to integrate more broadly into the global capital market and is a new starting point for promoting a global zero-carbon economy [3]. - Ningde Times is recognized as a leader in power and energy storage batteries, holding the top position in power battery installation for eight consecutive years and leading the energy storage battery market for four years [3]. Group 5: Fund Utilization - 90% of the raised funds will be allocated to the construction of the first and second phases of the Hungary project, with the remaining funds used for working capital [4]. - The Hungary project has a planned capacity of 72 GWh and a total investment of approximately 4.9 billion euros [4]. - The company’s first overseas production base was established in Germany, which helps mitigate trade risks and expand into the European and American markets [4].

Core Viewpoint - CATL's listing on the Hong Kong Stock Exchange marks a significant step towards integrating into the global capital market and advancing the zero-carbon economy [1] Group 1: Global Zero-Carbon Transportation - The global zero-carbon transportation market is projected to be worth trillions, with investments in electric transportation expected to exceed $3 trillion annually by 2030 [1] - CATL is developing a comprehensive product matrix to meet diverse user needs and lead innovation in the electric vehicle sector [1][2] - The company is promoting battery swapping and standardization to enhance the integration of transportation and energy networks, aiming to establish a nationwide heavy-duty truck battery swapping network by 2030 [2] Group 2: Global Zero-Carbon Electricity - By 2050, global electricity consumption is expected to increase by 75%, with renewable energy investments exceeding $10 trillion over the next 25 years [4] - CATL is researching zero-carbon grid technologies to address current challenges in grid flexibility and energy storage [4] Group 3: Global Industrial Energy Transition - 195 countries have set carbon reduction targets, with annual investments reaching $4.5 trillion starting in 2030 to achieve net-zero emissions [5] - CATL aims for all its battery factories to achieve carbon neutrality this year and is collaborating with various sectors to promote the energy transition in traditional industries [5] - The company has invested over 70 billion yuan in R&D over the past decade, holding more than 43,000 patents, and has established six R&D centers globally [5]

【导读】万亿宁德时代今日港股上市，曾毓群强调零碳科技公司定位 中国基金报记者邱德坤 5月20日，宁德时代在港交所主板上市，开盘价为296港元/股，较发行价上涨12.55%；截至发稿，涨幅超17%。 | HK 宁德时代 | | --- | | 03750 L2 ▼ | | 207 800 今井 296.000 最高 308.000 最低 291.000 | | 17.03% 44.800 换手 13.38% 总量1814万股 金额 53.50亿 | | 总值201.31万亿 市盈 23.42 市净 4.78 曲家 | | A股报价: 263.96 1.52% 2 (H/A)比价=1.08 > | | 分时 五日 間K 目K 申务▼ | | 均价: 294.928 最新: 307.800 44.800 17.03% | | 47 140/ 324 309 600 1300(12) 308.000 卖8 309.400 600 (4) | | 雪7 309.200 600 (4) 卖6 309.000 5.9 万 (49) | | 卖5 308.800 4700(19) | | 卖4 308.600 ૨૦૦ (૨) ...

《每日经济新闻》记者在宁德时代港股上市现场看到，宁德时代董事长、CEO曾毓群和副董事长周佳共同敲锣。 曾毓群在发言时表示，全球零碳交通是一个万亿元级的市场，正在爆发。当前全球交通体系正在重构，新能源汽车以及换电生态正进入爆发阶段，低空经 济、电动船舶等领域方兴未艾。而零碳电力体系迎来了前所未有的机遇，也面临巨大挑战。众所周知，今年4月发生的西班牙大停电暴露了当前电网柔性调 控能力较弱、储能配备不足，尤其是缺乏构网型支撑等普遍问题。"我们正在全力以赴地研究零碳电网技术，包括电力电子柔性调控虚拟电厂的技术，要打 造出新型的零碳电力系统，让零碳科技惠及千家万户。" 曾毓群提到，全球产业新能源化是零碳经济的最大增量，今年宁德时代所有的电池工厂将实现碳中和，同时宁德时代也对外输出了技术和解决方案，推动钢 铁、水泥、化工等传统产业的新能源化。 每经记者｜黄婉银 每经编辑｜陈俊杰 5月20日，全球领先的动力电池和储能电池企业宁德时代正式在香港联交所主板挂牌上市。此次宁德时代港股IPO（首次公开募股）的发行价格为每股263.00 港元，共发行1.356亿股，每手100股。截至发稿，宁德时代股价涨幅为14.60%，报301.6 ...