Contemporary Amperex Technology stated that this business is "ten times bigger" than power batteries! The "zero carbon" grid is expected to take the lead.

The founder of contemporary amperex technology, Zeng Yuchun, expects that the business of developing and managing a "zero-carbon" grid could be "ten times" larger than supplying batteries for electric autos. He stated that contemporary amperex technology's goal is to create a large independent energy system capable of powering a large datacenter or even a city.

cls.cnNov 14 08:06

Ningde Zeng Yuqun: Musk does not understand batteries, the "zero carbon" power grid will be ten times larger than the electric vehicle battery business.

Musk's bet on cylindrical batteries (i.e., 4680) "will fail and will never succeed." "We had a very intense debate. He (Musk) was silent because he did not know how to manufacture the battery. This is about electrochemistry, and he is good at chips, software, hardware, and machinery."

wallstreetcnNov 13 21:17

【Data Analysis】Trading volume of honglietf surges, institutions and speculative funds join hands to snap up iflytek co.,ltd.

① Among the top ten etfs with the highest transaction value growth, the invesco great wall csi dividend low volatility 100 etf (515100) saw a nearly fivefold increase in transaction value compared to yesterday, ranking first. ② iflytek co.,ltd. received 0.192 billion from institutions today, with a total buy of 0.388 billion from two major speculative trading positions.

cls.cnNov 13 17:55

Hong Kong auto stocks are heading towards spring? Xpeng Motors' stock price doubled in three months, Xiaomi's annual increase exceeds 80%.

China Passenger Car Association data shows that in October 2024, the wholesale sales volume of new energy passenger vehicles reached 1.37 million units, surpassing the highest level in history.

Futu NewsNov 12 18:02

Cui Dongshu: In October, the wholesale sales volume of new energy passenger vehicles reached 1.37 million units, a year-on-year increase of 54%.

Cui Dongshu stated in a post that with the national call to combat overwork, terminal prices have also stabilized in the third quarter, further strengthening the scrap and replacement policy and the gradual introduction of local trade-in policies, easing consumer wait-and-see sentiment, and overall electric vehicles market heat has rebounded slightly.

Zhitong FinanceNov 12 06:30

Express News | China Association of Automobile Manufacturers: In October, China's auto sales increased by 7.0% year-on-year.

BreakingsNov 11 14:21