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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 : Volkswagen China chief says in talks with five potential battery cell suppliers

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04/15/2019 | 06:49am EDT
People pass in front of a Volkswagen logo ahead of the Shanghai Auto Show

SHANGHAI (Reuters) - Volkswagen wants to broaden its base of battery cell suppliers in China beyond CATL and is reviewing five companies to see whether they can meet quality and volume requirements for the multi-brand group.

"We are working with five battery cell suppliers qualifying them to group level. With one or two of them it may lead to more close cooperation. In China we have chosen to do this with Chinese players," Stephan Woellenstein (55), CEO of Volkswagen China Passenger Cars said in Shanghai on Monday.

The push to broaden the company's supplier base reduces VW Group's dependency on CATL as its main supplier, Woellenstein said at the Shanghai Auto Show.

Volkswagen needs 160 Gigawatt hours of battery cell capacity as part of a mass production push into electric cars, Woellenstein said.

(Reporting by Edward Taylor; Editing by Tassilo Hummel)

Stocks treated in this article : Volkswagen, Contemporary Amperex Technology Co Ltd
Stocks mentioned in the article
ChangeLast1st jan.
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD End-of-day quote.
VOLKSWAGEN -0.76% 156.2 Delayed Quote.13.37%
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Financials (CNY)
Sales 2019 40 119 M
EBIT 2019 5 369 M
Net income 2019 4 426 M
Finance 2019 11 753 M
Yield 2019 0,45%
P/E ratio 2019 38,08
P/E ratio 2020 32,39
EV / Sales 2019 3,98x
EV / Sales 2020 3,07x
Capitalization 172 B
Chart CONTEMPORARY AMPEREX TECHNOLOGY CO LTD
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Contemporary Amperex Technology Co Ltd Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 78,0  CNY
Spread / Average Target -0,28%
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
1st jan.Capitalization (M$)
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD25 499
ENERGIZER HOLDINGS INC7.80%3 392
SUNWODA ELECTRONIC CO LTD--.--%3 255
ENERSYS-7.86%3 044
BEIJING EASPRING MATERIAL TECHGY CO LTD--.--%1 730
VARTA AG64.59%1 670