CATL Enters Strategic Partnership with Yunnan Focused on Green Energy and Transportation
Strategic Cooperation Agreement: CATL has signed a Comprehensive Strategic Cooperation Agreement with the Yunnan Provincial People's Government, initiating in-depth collaboration in areas such as green power and advanced manufacturing.
Focus on Green Energy: The partnership aims to enhance the development of green energy, electrification of transportation, and the establishment of charging and battery swapping infrastructure across Yunnan.
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Hong Kong Stock Performance: On February 16, Hong Kong stocks saw a positive half-day session, with the HSI closing up 138 points (0.5%) at 26,705, marking a strong overall performance in the Year of the Snake with a 32% gain.
HSI Quarterly Review Changes: The quarterly review of the HSI included the addition of CATL, CMOC, and LAOPU GOLD, which saw significant gains, while ZHONGSHENG HLDG was removed from the index.
Individual Stock Movements: Notable stock movements included SANDS CHINA LTD rising 2.7% despite a slight decline in property EBITDA, while ANTA SPORTS experienced a minor drop after shareholder approval for a significant acquisition.
US Department of War Update: The US Department of War's withdrawal of the "List of Chinese Military Companies" impacted stock prices, with BABA-W declining 0.5% and BIDU-SW increasing by 1.3%.

Hang Seng Index Review: The Hang Seng Indexes Company announced the inclusion of CATL, CMOC, and LAOPU GOLD in the HSI following the 4Q25 review, with respective price increases of 2.899%, 6.814%, and 5.078%.
Short Selling Data: CATL, CMOC, and LAOPU GOLD experienced significant short selling, with ratios of 23.375%, 22.040%, and 28.099%, respectively, indicating investor caution.
Market Reactions: CMOC and LAOPU GOLD saw notable price surges of 5.25% and 5.55%, while ZHONGSHENG HLDG faced a decline of 2.707% amid short selling pressures.
Implementation Timeline: The changes to the index will be effective after the market close on March 6, 2026, and will take effect on March 9, 2026.

US Inflation and Stock Market Update: US inflation was below expectations while core inflation met them; the DJIA rose by 0.1% last Friday.
Hong Kong Stock Market Performance: The Hong Kong bourse opened lower, with the HSI down 0.2% and other indices also showing declines.
HSI Quarterly Review Changes: CATL, CMOC, and LAOPU GOLD were added to the HSI, while ZHONGSHENG HLDG was removed; CATL and CMOC saw slight increases in their stock prices.
Notable Stock Movements: Stocks like BABA-W and BIDU-SW dropped significantly after being listed as Chinese military companies, while ANTA SPORTS received approval for a stake acquisition in PUMA.

CATL's New Manufacturing Base: CATL has signed an agreement to establish a lithium battery green intelligent manufacturing base in Yancheng, Jiangsu Province, which will focus on high green electricity applications.
Zero-Carbon Industrial Park: The project aims to create a national-level zero-carbon industrial park, featuring the first grid-connected green electricity system and a demonstration base for export products meeting "zero-carbon factory + lighthouse factory" standards.
Index Review Announcement: Hang Seng Indexes Company announced the results of its quarterly review for the Hang Seng Family of Indexes, effective from 9 March 2026.
New Additions to HSI: CATL, CMOC, and LAOPU GOLD will be added to the Hang Seng Index, increasing the total number of constituents from 88 to 90.
Deletion from HSI: ZHONGSHENG HLDG will be removed from the Hang Seng Index as part of the quarterly review.
Short Selling Data: The article includes short selling data for the mentioned companies, highlighting significant short selling ratios and amounts prior to the index changes.
Bond Issuance: CATL successfully issued its first tranche of a 2026 green tech innovation bond, raising RMB5 billion, with funds credited on February 9, 2026.
Bond Details: The bond has a maturity date of February 9, 2031, and an interest rate of 1.7%.
Market Performance: CATL's stock is currently down by 0.685%, with significant short selling activity amounting to $251.71 million and a short selling ratio of 26.784%.
Analyst Outlook: UBS has raised CATL's target price to HKD660, citing cost and technological advantages that present multiple growth opportunities.






