China's market regulator unconditionally approves CATL (3750 HK), Chery (9973 HK) and others joint venture formation
Newsquawk Staff ·
China's market regulator unconditionally approves CATL (3750 HK), Chery (9973 HK) and others joint venture formation.
What it means
China's market regulator has granted unconditional approval for the joint venture between CATL and Chery, signaling a favorable regulatory environment for collaborations in the EV sector. This move could enhance production capabilities and market share for both companies, potentially influencing their stock performance positively, as well as affecting sentiment across the broader automotive and battery manufacturing sectors.
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