B[CATL and Thalys signed a long-term strategic cooperation agreement] On October 11, CATL and Thalys Group signed a long-term strategic cooperation agreement in Chongqing on Saturday. Xu Jian, member of the Standing Committee of the Chongqing Municipal Party Committee, Deputy Mayor of the Municipal Government, and Secretary of the Liangjiang New District Party Committee, Zheng Xiangdong, Deputy Mayor of the Chongqing Municipal Government, Zhang Xinghai, Chairman (Founder) of Thalys Group, and Zeng Yuqun, Chairman and CEO of CATL, attended and witnessed the signing. Since the establishment of the Wenjie brand, all models have been equipped with CATL batteries, and the cumulative delivery to date has exceeded 1.2 million units. B[Main Fund Monitoring: Net outflows from the electronics sector exceed 16.8 billion yuan] On October 9, the market tracking data showed that today the main funds had a net inflow into non-ferrous metals, cultural media, precious metals and other sectors, and a net outflow from the electronics, semiconductor, mechanical equipment and other sectors, of which the electronic sector had a net outflow of 16.898 billion yuan. In terms of individual stocks, Ningde Times ranked first with a net purchase of 2.459 billion yuan, followed by Tianci Materials, Zijin Mining, and Dongyue Silicon Materials with a net inflow of main funds; Xinyi Sheng ranked first with a net sale of 1.039 billion yuan, and Zhongji InnoLight, Dongshan Precision, and Fenghua Hi-Tech ranked first with a net outflow of main funds. B[Main Fund Monitoring: CATL Net Buying Exceeds 1.5 Billion] On October 9, market tracking data showed that in early trading today, main funds had a net inflow into the agriculture, forestry, animal husbandry, fishery, precious metals, beauty care and other sectors, and a net outflow from the electronics, semiconductor, mechanical equipment and other sectors, of which the electronic sector had a net outflow of over 17.3 billion yuan. In terms of individual stocks, Ningde Times ranked first with net purchases of over 1.5 billion yuan by main funds. Dongyue Silicon Materials, Tianci Materials, and Jinjian Rice Industry ranked first in net inflows of main funds; Zhongji InnoLight suffered net sales of more than 1 billion yuan, and Xinyi Sheng, China Ceramics Materials, and Shenghong Technology ranked first in net outflows of funds. B[China General Nuclear Power: Plans to establish a joint venture to develop, construct and operate Lufeng Units 3 and 4 nuclear power projects] On September 24, China General Nuclear Power (003816.SZ) announced that the company, together with China First Heavy Industry Group, Lufeng Investment Holdings, Mingyang Smart Energy, Jiuli Group, Jiuli Special Materials and CATL (Zhaoqing) New Energy Technology signed an agreement to jointly invest in the establishment of CGN Guangdong (Lufeng) Nuclear Power Co., Ltd. to carry out the development, construction and operation of Lufeng Units 3 and 4 nuclear power projects. The initial registered capital of the joint venture is 100 million yuan, of which the company contributes 70 million yuan and holds 70% of the shares. This investment is in line with the company's overall development strategy and will help promote the Lufeng Unit 3 and Unit 4 nuclear power projects to apply for national approval. In the future, it is expected to further increase the company's scale of nuclear power assembly units under construction and enhance industry competitiveness. B[15,318 units of Qijing GX7 were ordered within 18 hours of its launch] On September 24th, according to Qijing Automobile officials, the Qijing GX7, which had just been launched, had ordered 15,318 units within just 18 hours of its launch, and the market was rapidly gaining popularity. As the new main model of the Qijing brand, the Qijing GX7 is equipped with a number of core leading technologies. Huawei's seven major automotive intelligent solutions are fully integrated into the car. It is equipped with the industry's first one-click bed-making function in 20 seconds. The entire series comes standard with Huawei's Qiankun L3 level autonomous driving architecture. The entire series comes standard with CATL batteries. It has a battery life of more than 1,500 kilometers without anxiety. It can perfectly take into account scenarios such as workplace lunch breaks, family care, outdoor camping, and long-distance self-driving.
Qijing Automobile is an intelligent technology high-end brand created by Huawei Qiankun and GAC. This outstanding order performance also confirms the market and users' widespread recognition of the Qijing GX7 product strength. Currently, all show cars and test drives are in stores. During the Mid-Autumn Festival and National Day, consumers can go to more than 300 Qijing stores across the country to taste and test drive new cars up close. B[Qijing GX7 is on the market with a limited-time equity price of 229,900-291,900 yuan] On September 23, the Qijing GX7 jointly built by GAC Group and Huawei Qiankun was officially launched, with a limited-time equity price of 229,900-291,900 yuan. The new car is equipped with a 20-second one-button flat-screen large bed and supports more than 12 scene modes. The entire series comes standard with L3 level autonomous driving architecture, equipped with 4 lidars and 38 high-performance sensors. In terms of battery life, all Qijing GX7 series are equipped with CATL batteries, with a comprehensive battery life of over 1,500km, and 30%-80% fast charging in just 10 minutes. As the first domestic car brand to have all its models equipped with L3 architecture as standard, Qijing’s launch also sets a new value benchmark for the 300,000-class smart SUV market. B[Huaneng Hydropower and CATL established a joint venture in Tibet with a registered capital of 5.6 billion yuan] On September 23, Tianyancha showed that Huaneng Lancang Guxue (Mangkang) Hydropower Co., Ltd. was recently established. The legal representative is Guo Jianwen, with a registered capital of 5.6 billion yuan. Its business scope includes power generation business, power transmission business, power supply (distribution) business, hydropower generation, etc. Shareholder information shows that the company is held 89% and 11% respectively by Huaneng Lancang Upper Hydropower Co., Ltd. and CATL New Energy Technology Co., Ltd., both subsidiaries of Huaneng Hydropower. B[JPMorgan Chase: Maintaining a positive view on energy storage demand before 2030, optimistic about CATL, etc.] On September 21, JPMorgan Chase issued a research report saying that China's energy storage value chain stocks in the A-share market have adjusted significantly since June this year, with CATL, HyperXtron, Deye Technology, Sungrow, etc. falling far beyond the performance of the market, reflecting investors' concerns about the weak outlook for China's energy storage demand next year and rising geopolitical uncertainty. The bank believes that the market is overly pessimistic and maintains a positive view on energy storage demand before 2030. It predicts that China's energy storage installed capacity will have an average annual compound growth rate of approximately 22% until 2030. Battery shipments are expected to increase by approximately 20% year-on-year in 2027, which is almost zero growth compared to market expectations. Among all stocks, the bank continues to list CATL, Sungrow and Deye as its top choices, and views CATL as the best choice to capture the growth of global energy storage because of its leading market share, strong overseas exposure and attractive recently adjusted valuation, with a target price of HK$725. B[Rumor that "The monitor of CATL's Yibin base does not allow ordinary workers to use the toilet" man was detained] On September 20th, it was reported that "the monitor of CATL's Yibin base did not allow ordinary workers to use the toilet" is the latest development of the rumor. After police investigation, netizen Lin Moumou (male, 33 years old) Years old) on September 9, 2026, fabricated rumors and information on a social platform about "employees at a company's Yibin base were insulted by managers, leading to psychological collapse and excessive behavior", which triggered rapid spread on various online platforms, attracted a large number of netizens' attention and discussions, and caused negative social impact. After verification by the police, the information mentioned in the information involved the company, The place where the incident occurred is inconsistent with the facts. Lin fabricated online rumors in order to "gain attention" and "create a persona as an insider in the industry." His behavior is suspected of deliberately fabricating facts to disrupt public order. Currently, the Sanjiang New District Public Security Bureau has imposed administrative detention and fined Lin on administrative penalties in accordance with the Public Security Administration Punishment Law of the People's Republic of China. (Cover story) A[September 18 morning news selection]
1. Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, had a phone call with U.S. Secretary of State Rubio on the 17th. The two sides had an in-depth discussion focusing on high-level exchanges between the two countries. Wang Yi said that both sides should prepare for the next stage of high-level exchanges in the spirit of equality, respect, and reciprocity, strengthen communication, promote cooperation, manage differences, respect each other's core interests, and send out a positive message that China and the United States are committed to promoting constructive strategic and stable relations and jointly promoting world peace and development.
2. The Ministry of Commerce held a regular press conference on the 17th. In response to a question about the latest progress in the negotiation on the US$30 billion mutual tariff reduction arrangement between China and the United States, spokesperson He Yadong said that the economic and trade teams of China and the United States are currently maintaining close communication on relevant issues, and relevant progress will be announced in due course.
3. On September 17, Minister of Commerce Wang Wentao held a video meeting on Sino-EU economic and trade issues with European Commission Commissioner for Trade and Economic Security Sefcovic.
4. Regulatory agencies have recently issued a notice to fund managers, asset management institutions, and fund sales agencies on the implementation of the "Measures for the Administration of Online Marketing of Financial Products", requiring that they are not allowed to cooperate with other organizations or individuals other than third-party Internet platforms, including "Internet influencers", to carry out online marketing of financial products.
5. The Ya'an Economic and Technological Development Zone Management Committee recently released the first public announcement of the environmental impact assessment information of the Ningde Times Ya'an lithium salt production base project. The total investment of the project is 1.4 billion yuan, and it is planned to build an annual production capacity of approximately 40,000 tons of lithium carbonate, 30,000 tons of lithium dihydrogen phosphate and 130,000 tons of lithium dihydrogen phosphate.
6. We learned from Huawei dealers that many dealers have been informed by Huawei that starting from January 1 next year, the Wenjie brand will be "exclusively exclusive". One Hongmeng Zhixing store will exclusively sell Wenjie, and the other will sell the other four realms.
7. Cloud computing service provider Nebius announced that it will increase the prices of a number of on-demand computing resources starting from October 1, with the latest Nvidia GPU seeing the largest increase. H200 rose from US$4.50 to US$5.40, an increase of 20%; NVIDIA B300 had the absolute largest increase, from US$7.85 to US$9.50/GPU hour, an increase of approximately 21%.
8. China Jushi announced that Zhenshi Group, the second largest shareholder, reduced its holdings by 28.33 million shares from September 15 to 17. Hunan Yuneng announced that its second largest shareholder CATL reduced its holdings by a total of 17.4597 million shares from June 26 to September 16, with the shareholding ratio falling to less than 5%.
9. Kuang-Chi Technology announced that its wholly-owned subsidiary Kuang-Chi Advanced Technology will deliver metamaterial structural products worth a total of 907 million yuan to three customers.
10. Chitianhua announced that shareholder Great Wall Company plans to reduce its holdings by no more than 3% of its shares. Jiangshun Technology announced that shareholders plan to reduce their holdings of no more than 3% of the company's shares.
11. The three major U.S. stock indexes collectively closed higher, with the Nasdaq rising 1.69%, the S&P 500 rising 1.14%, and the Dow Jones Industrial Average rising 0.61%. The Philadelphia Semiconductor Index rose 3.14%. AI hardware stocks and chip semiconductor stocks surged, and the three times long semiconductor ETF-Direxion surged 10.44%.
12. U.S. President Trump told the media that he is facing a critical turning point in the war against Iran and needs to decide whether to restart a large-scale offensive in order to end the conflict.
13. The Bank of England voted 6 to 3 to keep the benchmark interest rate unchanged at 3.75%, in line with market expectations.
14. Nvidia CEO Jensen Huang said that artificial intelligence security is crucial; Nvidia’s chip sales next year will double this year’s.
15. Goldman Sachs has raised the average annual compound growth rate of electricity demand in the United States from 3.2% to 3.5% by 2030; it is expected that data center power demand in 2030 will increase by about 170% compared with 2025. The forecast in March this year was only about 117%.
16. Intel CEO said that the company's current CPU supply can only meet 50% of customer demand. Intel's 18A node has entered mass production, and the 14A node will be put into production in the first quarter of next year. A[Selected evening news on September 17]
1. The Ministry of Commerce stated that the Sino-US economic and trade teams are maintaining close communication on tax reduction and other issues.
2. Shanghai: Fund companies are not allowed to cooperate with other organizations or individuals other than third-party Internet platforms, including “Internet Vs”, to carry out online marketing of financial products.
3. Nvidia CEO Jensen Huang said that artificial intelligence security is crucial; Nvidia’s chip sales next year will double this year’s.
4. Goldman Sachs raised the average annual compound growth rate of electricity demand in the United States from 3.2% to 3.5% by 2030; it is expected that data center power demand in 2030 will increase by about 170% compared with 2025, while the forecast in March this year was only about 117%.
5. Cloud computing service provider Nebius announced that NVIDIA B300 will increase from US$7.85 to US$9.50/GPU hour starting from October 1, an increase of approximately 21%.
6. Huawei Wang Tao announced that the research and development progress of the Ascend 960 chip has exceeded expectations and doubled the performance; the Ascend 960DT will be launched in Q1 2027, three quarters ahead of the original plan.
7. Company news: ① Ankai Bus, 2 boards in 4 days: The second largest shareholder, Anhui Investment Group, plans to reduce its shareholding by no more than 0.85%. ② China Jushi: Zhenshi Group, the second largest shareholder, reduced its holdings by 28.33 million shares from September 15 to 17. ③Hengrui Medicine: Today it repurchased 335,000 A shares for the first time and paid 14.5036 million yuan. ④ Ningde Times plans to build a new 40,000-ton annual lithium carbonate production capacity in Ya'an at a cost of 1.4 billion yuan. ⑤ The Wenjie brand will be "exclusively franchised", and Huawei dealers can choose whether to operate it. B[CATL plans to build a new 40,000 tons annual lithium carbonate production capacity in Ya'an at a cost of 1.4 billion yuan. Lithium prices have corrected by more than 20% in September.] On September 17, the Ya'an Economic and Technological Development Zone Management Committee recently released the first public announcement of the environmental impact assessment information of the Ya'an lithium salt production base project of CATL. The total investment of the project is 1.4 billion yuan, and it is planned to build an annual production capacity of approximately 40,000 tons of lithium carbonate, 30,000 tons of lithium dihydrogen phosphate and 130,000 tons of lithium dihydrogen phosphate. What is currently released is only the first public disclosure of ecological environmental impact assessment information, which means that the project is still in the early stage of environmental impact assessment information disclosure. The announcement did not disclose the construction period, funding sources, raw material supply plan and expected production time, nor does it mean that the project has obtained environmental impact assessment approval or officially started construction. (Mijing.com) A[September 17 morning news selection]
1. On September 16, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held talks with Iranian Foreign Minister Araghchi in Beijing. Wang Yi said that China maintains continuity and stability in its policy towards Iran, always upholds justice in the Security Council and multilateral platforms, opposes the use of force, and upholds the norms of international relations. China is willing to strengthen communication and coordination with Iran to promote new progress in China-Iran relations.
2. The Federal Reserve announced a 25 basis point interest rate hike, raising the benchmark interest rate to 3.75%-4.00%, the first interest rate increase since July 2023. The median dot plot shows one more interest rate hike in 2026.
3. Federal Reserve Chairman Warsh reiterated that inflation is too high and has lasted for too long. Summer data did not show significant improvement, and the Federal Reserve decided to cancel part of its easing policy.
4. The Ministry of Culture and Tourism recently issued the "Fifteenth Five-Year Plan for Culture and Tourism Development". The Plan proposes that by 2030, the construction of a cultural and tourism power will be advanced in depth, cultural undertakings, cultural industries and tourism will continue to prosper, culture and tourism will be deeply integrated and complement each other, cultural empowerment and tourism will fully demonstrate the role of cultural empowerment and tourism, the people's spiritual and cultural life will be enriched, the influence of Chinese culture will be significantly enhanced, and the country's soft power will continue to improve.
5. According to the China Electricity Council, since the beginning of this year, new digital energy loads represented by the Internet data and charging and swapping service industries have experienced explosive growth. The national Internet data service industry has consumed more than 60 billion kilowatt-hours of electricity, an increase of more than 40% year-on-year.
6. The cost of transporting U.S. crude oil to Asia has reached a new record. The freight for 2 million barrels of crude oil has reached US$44.8 million, an increase of more than 150% compared with before the outbreak of the Middle East war at the end of February.
7. The Hong Kong Monetary Authority raised the benchmark interest rate by 25 basis points to 4.25%.
8. Regarding the rumors that "relevant car companies choose other power battery suppliers" that caused the stock price to fall continuously, the reporter learned that CATL will respond in the near future.
9. Zijin Mining announced that its wholly-owned subsidiary plans to invest 1 billion yuan in the fund to invest in artificial intelligence, embodied intelligence and other fields. Henggong Precision announced that it plans to issue convertible bonds of no more than 810 million yuan for projects such as embodied intelligent robots.
10. Jingwei Co., Ltd. announced that ChinaSoft Xi’an plans to acquire 29.68% of the company’s total share capital at a price of 53 yuan per share, and the stock will resume trading. Shanghai Yahong announced that Feike Investment will become the company’s controlling shareholder and the stock will resume trading.
11. Kanghui Co., Ltd. announced that its subsidiary signed a 1.72 billion yuan computing power service contract and a 1.141 billion yuan computing power server purchase and sales contract.
12. *ST Wingtech announced that the company's main credit rating has been downgraded to "BBB-", and the rating outlook is negative.
13. The three major U.S. stock indexes collectively closed down, with the Dow Jones Industrial Average falling 1.21%, a new closing low since mid-June; the S&P 500 Index falling 0.44%, and the Nasdaq Composite Index falling 0.01%.
14. It was learned on September 16, local time, that the U.S. House of Representatives passed a sanctions bill targeting Russia and Iran that day and sent it to U.S. President Trump for signature.
15. Saudi Arabia is reported to be seeking to restore about 50% of the oil pipeline capacity that was suspended due to drone attacks within a few days.
16. SK Hynix stated that it has not yet confirmed any plans involved in reports that SK Hynix is negotiating with Intel on U.S. memory chip production.
17. Musk once again hinted that his “two trump cards”: Tesla and SpaceX may deepen cooperation or even merge.
18. Micron executives said that the current memory shortage covers multiple market areas. Even if the company promotes about 20 production expansion projects around the world, the truly meaningful new supply will not start to ramp up until 2028.
19. Daily monitoring data from relevant professional websites show that the 30-year fixed mortgage interest rate in the United States continued to rise after breaking through 7% on the 10th, and reached 7.22% on the 15th, a new high since January 2025.
20. The settlement price of international crude oil futures closed sharply. WTI crude oil futures October contract fell 3.21%, Brent crude oil futures November contract fell 2.69%.
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