Home / Metal News / Cobalt & Lithium / [stock market changes] it smells good! The Ningde era was sought after by investors and rose nearly 8% in intraday trading.
[stock market changes] it smells good! The Ningde era was sought after by investors and rose nearly 8% in intraday trading.
Jul 20,2020 10:55CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 20: recently Ningde Times announced the results of its fixed increase, which was sought after by 38 investors, and finally 9 institutions were successfully allocated, with a total purchase amount of 109.1 billion yuan. Today, the share price of Ningde era rose nearly 8% after opening trading, and then fell back. As of 10:55, it was up 4.23%. Data show that 2.35GW was installed in Ningde era in June this year, up 46.2% from the previous month, with a market share of more than half again. If you add in the share of SAIC, Jiangsu era and Dongfeng era, the installed capacity of Ningde era is as high as 2.44GWhh, and the market share has also increased to 51.9%.

Prior to this, Guangdong Weihua Co., Ltd. and Ningde Times New Energy Technology Co., Ltd. signed the 2020 long-term Association contract. Ningde Times plans to purchase 10, 000 tons of battery-grade lithium carbonate and 3000 tons of battery-grade lithium hydroxide from the company between July 2020 and June 2021.

Soochow Securities pointed out that with the intensive launch of new models of overseas brands from 2020 to 2021, orders for the Ningde era will be released, and exports of the Ningde era are expected to reach 5mur6GWH in 2020, benefiting from the launch of Volkswagen MEB platform and BMW new models in 2021, the export scale is expected to more than double. In the long run, Ningde is expected to gain more than 20% of the overseas market, leading in global competitiveness.

Scan the code and apply to join the SMM metal exchange group.

Ningde era
stock price
battery

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news