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    300750   CNE100003662

CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED

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Contemporary Amperex Technology : China's battery maker CATL invests in EV startup Aiways

05/01/2021 | 01:21am EDT

BEIJING, May 1 (Reuters) - Electric vehicle (EV) battery maker CATL has invested in China's EV startup Aiways, according to an official corporate registration filing.

It is unclear how much Shanghai-based Aiways, which was founded in 2017, has raised from CATL. Aiways declined to comment on the investment but said it would work on battery technologies with CATL.

China's ride-hailing giant Didi Chuxing has also invested in Aiways, which is making cars in China's eastern city of Shangrao and sells them in China and Europe.

CATL, which earlier invested in another startup Byton, did not immediately respond to a request for comment.

(Reporting by Yilei Sun and Tony Munroe; editing by Richard Pullin)


ę Reuters 2021
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Financials
Sales 2021 89 335 M 13 959 M 13 959 M
Net income 2021 9 396 M 1 468 M 1 468 M
Net cash 2021 45 201 M 7 063 M 7 063 M
P/E ratio 2021 112x
Yield 2021 0,08%
Capitalization 1 037 B 162 B 162 B
EV / Sales 2021 11,1x
EV / Sales 2022 7,98x
Nbr of Employees 33 078
Free-Float 98,1%
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Technical analysis trends CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 29
Average target price 461,30 CNY
Last Close Price 445,00 CNY
Spread / Highest target 25,8%
Spread / Average Target 3,66%
Spread / Lowest Target -43,6%
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Managers and Directors
NameTitle
Jia Zhou General Manager & Director
Shu Zheng Chief Financial Officer
Ying Ming Wu Chairman-Supervisory Board
Yu Qun Zeng Chairman
Zu Yun Xue Independent Director
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