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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Contemporary Amperex Technology Co Ltd    300750   CNE100003662

CONTEMPORARY AMPEREX TECHNOLOGY CO LTD

(300750)
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Contemporary Amperex Technology : China's CATL to supply batteries for Daimler's electric trucks

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09/18/2019 | 03:13am EDT
FILE PHOTO: Sign of Chinese battery maker Contemporary Amperex Technology Ltd (CATL) is seen on its building in Ningde

BERLIN (Reuters) - Chinese battery cell producer Contemporary Amperex Technology Co (CATL) and Daimler reached an agreement to supply the German automaker with batteries for its electric truck fleet starting from 2021, Daimler said on Wednesday.

Under the agreement, CATL will provide Daimler with batteries for the Mercedes-Benz eActros, Freightliner eCascadia and Freightliner eM2 models, Daimler said, adding that the Stuttgart-based firm will develop and install the battery systems itself.

Earlier this month, German auto supplier Robert Bosch said it was teaming up with CATL to develop high-performance battery cells.

(Reporting by Riham Alkousaa; Editing by Tassilo Hummel)

Stocks treated in this article : Daimler AG, Contemporary Amperex Technology Co Ltd
Stocks mentioned in the article
ChangeLast1st jan.
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD End-of-day quote.
DAIMLER AG 0.76% 49.965 Delayed Quote.8.14%
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Financials (CNY)
Sales 2019 41 150 M
EBIT 2019 5 239 M
Net income 2019 4 331 M
Finance 2019 27 191 M
Yield 2019 0,27%
P/E ratio 2019 35,7x
P/E ratio 2020 30,4x
EV / Sales2019 3,11x
EV / Sales2020 2,44x
Capitalization 155 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 73,14  CNY
Last Close Price 70,72  CNY
Spread / Highest target 45,6%
Spread / Average Target 3,42%
Spread / Lowest Target -40,6%
EPS Revisions
Managers
NameTitle
Jia Zhou General Manager & Director
Ying Ming Wu Chairman-Supervisory Board
Yu Qun Zeng Chairman
Shu Zheng Chief Financial Officer
Ping Li Vice Chairman
Sector and Competitors
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CONTEMPORARY AMPEREX TECHNOLOGY CO LTD21 929
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ENERGIZER HOLDINGS, INC.-8.35%2 851
ENERSYS-13.39%2 813
VOLTRONIC POWER TECHNOLOGY CORP--.--%1 803