Hong Kong experienced a significant increase in listing activities this year, with more Chinese companies choosing the city for capital-raising and investors growing optimistic following Beijing’s support for the offshore market. The Hong Kong stock exchange saw new listings rise for the first time in three years, raising a total of $10.65 billion across 63 deals, marking an increase of over 80% compared to the previous year. Despite signs of recovery, experts caution that sustained improvement in the onshore economy and easing geopolitical tensions are necessary for a further uptick in Hong Kong’s IPO activities.
Full Article
China’s CATL to Launch 1,000 Battery Swap Stations in 2025
CATL, China's leading EV battery manufacturer, plans to expand its battery swapping infrastructure by establishing 1,000 stations in China by 2025 and aims for 10,000 in the future. The company's "choco-swap" battery allows for quick replacements, targeting fleet vehicles initially and potentially individual car owners later on. While battery swapping offers convenience, challenges include the need for standardization and competition from other companies like Nio, highlighting the ongoing evolution of EV refueling methods in the...
Read more