Market Chatter: Reliance Industries In Talks with CATL, Other Companies, for Battery Components

MT Newswires Live
05/19

Reliance Industries (BOM:500325, NSE:RELIANCE) is in talks with battery giant Contemporary Amperex Technology (SHE:300750, HKG:3750) and other suppliers to purchase battery energy storage system parts, Bloomberg reported Tuesday, citing people familiar with the matter.

The Indian giant's move could help it obtain a second major source of battery parts for its upcoming factory in Jamnagar, Gujarat, India, the report said, citing the sources.

That source will beef up supplies from Xiamen Hithium Energy Storage Technology, Bloomberg said.

Reliance has faced roadblocks in obtaining technological know-how to produce lithium-ion battery cells, pushing the company to rely on packaging pre-manufactured battery cells into big ones amid Beijing's export controls on battery technology, Bloomberg said.

Reliance and CATL did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10