Shenzhen Stock Exchange

CBAK Energy Announces a 3-year Strategic Partnership for RMB 180 Million Lithium-Ion Battery Order with Echom

Retrieved on:

Monday, July 10, 2023

Shenzhen Kaifa Technology Co., Ltd., Shenzhen Stock Exchange, CBAT, Partnership, Electric battery

DALIAN, China, July 10, 2023 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. ("Nanjing CBAK"), has entered into a strategic agreement with Guangzhou Echom Science & Technology Co., Ltd. (Shenzhen Stock Exchange: 002420, "Echom"), a well-known industrial design group in China.

Key Points:

DALIAN, China, July 10, 2023 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. ("Nanjing CBAK"), has entered into a strategic agreement with Guangzhou Echom Science & Technology Co., Ltd. (Shenzhen Stock Exchange: 002420, "Echom"), a well-known industrial design group in China.
According to the terms of the collaboration, Echom will purchase approximately RMB 180 million worth of CBAK Energy's cylindrical lithium-ion batteries over the next three years, primarily the 32140 and 26700 series.
As part of the arrangement, Echom is obligated to prioritize CBAK Energy's batteries in its self-developed new energy storage products and ensure that over 50% of its relevant products utilize CBAK Energy's batteries.
In exchange, Nanjing CBAK will guarantee a consistent and uninterrupted supply of the specified battery products for the duration of the agreement.

Morgan Stanley China A Share Fund, Inc. Announces Advisory Fee Reduction

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Thursday, June 15, 2023

Banking, Asset Management, Professional Services, Finance, Morgan Stanley, Fund, NYSE, Shenzhen Stock Exchange, Cryptocurrency, Security (finance)

Morgan Stanley Investment Management announced today that, effective July 1, 2023, the annual advisory fee of Morgan Stanley China A Share Fund, Inc. (NYSE: CAF) (the “Fund”) will be reduced from 1.50% to 1.25% of the Fund’s average weekly net assets.

Key Points:

Morgan Stanley Investment Management announced today that, effective July 1, 2023, the annual advisory fee of Morgan Stanley China A Share Fund, Inc. (NYSE: CAF) (the “Fund”) will be reduced from 1.50% to 1.25% of the Fund’s average weekly net assets.
The Fund is a non-diversified, closed-end management investment company that seeks capital growth by investing, under normal circumstances, at least 80% of its assets in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges.
The Fund’s shares are listed on the NYSE under the symbol “CAF.”

Newland EMEA Launches the WD4 Ring Scanner and Expands its Nwear by Newland wearables product line

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Wednesday, June 14, 2023

The WD4 Ring Scanner is specifically designed for easy scanning of 1D and 2D barcodes with a simple press of the thumb.

Key Points:

The WD4 Ring Scanner is specifically designed for easy scanning of 1D and 2D barcodes with a simple press of the thumb.
Last, but not least, the WD4 Ring Scanner boasts a long-lasting battery capacity, providing up to 10 hours of continuous scanning time.
With the introduction of the WD4 Ring Scanner, there are now four products in the Nwear range, including the WD1 Watch Scanner, the WD2 Wearable Scanner, and the WD3 Badge Scanner.
For further information on Newland EMEA, please visit: www.newland-id.com
Established in 2009, Newland EMEA (Newland Europe BV) makes scanning simple.

Newland EMEA Launches the WD4 Ring Scanner and Expands its Nwear by Newland wearables product line

Retrieved on:

Wednesday, June 14, 2023

The WD4 Ring Scanner is specifically designed for easy scanning of 1D and 2D barcodes with a simple press of the thumb.

Key Points:

The WD4 Ring Scanner is specifically designed for easy scanning of 1D and 2D barcodes with a simple press of the thumb.
Last, but not least, the WD4 Ring Scanner boasts a long-lasting battery capacity, providing up to 10 hours of continuous scanning time.
With the introduction of the WD4 Ring Scanner, there are now four products in the Nwear range, including the WD1 Watch Scanner, the WD2 Wearable Scanner, and the WD3 Badge Scanner.
For further information on Newland EMEA, please visit: www.newland-id.com
Established in 2009, Newland EMEA (Newland Europe BV) makes scanning simple.

CBAK Partners with Hello Tech, the parent company of Jackery, a premier global portable power supplier, to Advance Sodium-ion Battery R&D

Retrieved on:

Thursday, June 1, 2023

Agreement, Partnership, Research, Shenzhen Stock Exchange, CBAT, Lithium, Jackery Jones, Tech

DALIAN, China, June 1, 2023 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that it has entered into a strategic agreement to advance its sodium-ion battery R&D program ("the Agreement") with Shenzhen Hello Tech Energy Co., Ltd. ("Hello Tech") (Shenzhen Stock Exchange: 301327), the parent company of Jackery, a global leading portable power supplier. This collaboration solidifies CBAK Energy's trajectory toward becoming the world's first enterprise capable of producing large cylindrical sodium-ion batteries on a massive scale.

Key Points:

This collaboration solidifies CBAK Energy's trajectory toward becoming the world's first enterprise capable of producing large cylindrical sodium-ion batteries on a massive scale.
Under the terms of the Agreement, Hello Tech will invest RMB25 million into CBAK Energy for the research and development of sodium-ion batteries, 30% of which the Company has already received.
Yunfei Li, Chairman and Chief Executive Officer of CBAK Energy, commented, "We are delighted to form a long-term strategic partnership with Hello Tech, a prestigious global player in the portable energy supply industry.
We look forward to bringing our proven expertise in battery development and production to this unique cooperation, which will play a pivotal role in our ambitious sodium-ion battery strategy.

EHang Reports First Quarter 2023 Unaudited Financial Results

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Wednesday, May 31, 2023

GUANGZHOU, China, May 31, 2023 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading autonomous aerial vehicle (“AAV”) technology platform company, today announced its unaudited financial results for the first quarter ended March 31, 2023.

Key Points:

GUANGZHOU, China, May 31, 2023 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading autonomous aerial vehicle (“AAV”) technology platform company, today announced its unaudited financial results for the first quarter ended March 31, 2023.
Operating loss was RMB75.7 million (US$11.0 million), representing an improvement of 17.8% from RMB92.2 million in the fourth quarter of 2022.
Sales and deliveries of EH216 series AAVs3 were 11 units, compared with 6 units in the fourth quarter of 2022.
In the first quarter, we achieved more customer orders and deliveries, leading to remarkable revenue growth of 42% quarter over quarter and 283% year over year.

E Fund Management Sees Growing Investor Interest in ChiNext ETF

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Friday, May 26, 2023

ETF, Information technology, Shenzhen Stock Exchange, Attention, E Fund Management, ChiNext, US, Growth, Security (finance), Wind

GUANGZHOU, China, May 26, 2023 /PRNewswire/ -- E Fund Management ("E Fund" or the "Company"), a leading asset management firm with offices in mainland China and Hong Kong, has seen significant performances in its exchange-traded fund (ETF) products with its E Fund ChiNext ETF (159915.SZ) particularly drawing attention from investors for its large volume of transactions.

Key Points:

GUANGZHOU, China, May 26, 2023 /PRNewswire/ -- E Fund Management ("E Fund" or the "Company"), a leading asset management firm with offices in mainland China and Hong Kong, has seen significant performances in its exchange-traded fund (ETF) products with its E Fund ChiNext ETF (159915.SZ) particularly drawing attention from investors for its large volume of transactions.
The ChiNext Board, a Nasdaq-style board on the Shenzhen Stock Exchange, is gaining popularity with 15 ETFs tracking the performance of the ChiNext Index, while the E Fund ChiNext ETF managed to top the list in terms of daily turnover volume and fund size.
Specifically, the E Fund ChiNext ETF came in first with its average daily turnover value of 1.18 billion yuan (US$167 million) over the past year.
Looking ahead, Xi Cheng, who manages the E Fund ChiNext ETF, stated that China's domestic economy is expected to enter the stage of recovery.

E Fund Management Sees Growing Investor Interest in ChiNext ETF

Retrieved on:

Friday, May 26, 2023

ETF, Information technology, Shenzhen Stock Exchange, Attention, E Fund Management, ChiNext, US, Growth, Security (finance), Wind

GUANGZHOU, China, May 25, 2023 /PRNewswire/ -- E Fund Management ("E Fund" or the "Company"), a leading asset management firm with offices in mainland China and Hong Kong, has seen significant performances in its exchange-traded fund (ETF) products with its E Fund ChiNext ETF (159915.SZ) particularly drawing attention from investors for its large volume of transactions.

Key Points:

GUANGZHOU, China, May 25, 2023 /PRNewswire/ -- E Fund Management ("E Fund" or the "Company"), a leading asset management firm with offices in mainland China and Hong Kong, has seen significant performances in its exchange-traded fund (ETF) products with its E Fund ChiNext ETF (159915.SZ) particularly drawing attention from investors for its large volume of transactions.
The ChiNext Board, a Nasdaq-style board on the Shenzhen Stock Exchange, is gaining popularity with 15 ETFs tracking the performance of the ChiNext Index, while the E Fund ChiNext ETF managed to top the list in terms of daily turnover volume and fund size.
Specifically, the E Fund ChiNext ETF came in first with its average daily turnover value of 1.18 billion yuan (US$167 million) over the past year.
Looking ahead, Xi Cheng, who manages the E Fund ChiNext ETF, stated that China's domestic economy is expected to enter the stage of recovery.

INNOVATE Corp. Announces First Quarter 2023 Results

Retrieved on:

Wednesday, May 10, 2023

NEW YORK, May 10, 2023 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE) announced today its consolidated results for the first quarter.

Key Points:

“INNOVATE's Infrastructure segment delivered solid results in the first quarter and is engaged on several large projects over the long term; however, results in the first quarter were impacted by timing delays.
DBM Global Inc. ("DBMG") reported first quarter 2023 revenue of $311.7 million, a decrease of 22.5%, compared to $402.2 million in the prior year quarter.
For the first quarter of 2023, Broadcasting reported revenue of $5.7 million, compared to $9.8 million in the prior year quarter.
For the first quarter of 2023, Broadcasting reported Net Loss of $5.0 million compared to $3.4 million in the prior year quarter.

State-owned Fund Joins Huayi Tencent's "Echartnow" Series A Financing, Kickstarting Its IPO Plan

Retrieved on:

Tuesday, April 18, 2023

Science, IPO, Internet, Bank statement, Shanghai Stock Exchange, Equity carve-out, Shenzhen Stock Exchange, Stock exchange, Government, Limited partnership, Growth, Security (finance), PRC

The Capital Increase from a state-owned entity is a proof of the Group's development achievements of Echartnow.

Key Points:

The Capital Increase from a state-owned entity is a proof of the Group's development achievements of Echartnow.
Since the Group acquired Echartnow in April 2021, it has gradually developed and has quickly become the core business of the Group.
The capital increase from the New Investor with state-owned background has fully verified the great confidence to the prospects of Echartnow.
The Group will use all endeavours to maximise the value of the Group and Echartnow for the benefit of our shareholders."