J.P. Morgan Chase released a research report saying that Ningde Times has been approved to acquire shares in Chongqing Yaoning New Energy Technology Co., Ltd., a subsidiary of Geely Automobile. The company has a 24 gigawatt-hour battery production project that is about to be completed. According to the report, this deal is not only an expansion of production capacity, but also an early sign that the Chinese battery industry is entering a stage of integration. It reflects the challenges faced by original equipment manufacturers in their strategies to build their own battery production capacity, while also highlighting the strategic value of approved capacity assets. The bank pointed out that the Ningde era is still the first choice in China's battery value chain. The target price is HK$725, and the rating is “increased.”

J.P. Morgan Chase released a research report saying that Ningde Times has been approved to acquire shares in Chongqing Yaoning New Energy Technology Co., Ltd., a subsidiary of Geely Automobile. The company has a 24 gigawatt-hour battery production project that is about to be completed. According to the report, this deal is not only an expansion of production capacity, but also an early sign that the Chinese battery industry is entering a stage of integration. It reflects the challenges faced by original equipment manufacturers in their strategies to build their own battery production capacity, while also highlighting the strategic value of approved capacity assets. The bank pointed out that the Ningde era is still the first choice in China's battery value chain. The target price is HK$725, and the rating is “increased.”