CATL Shares Slump as Output and Earnings Concerns Mount
Contemporary Amperex Technology Co. Ltd. shares slumped amid unverified reports that the Chinese battery giant could cut production plans and lower profit forecasts.
在下调排产计划和盈利预测的传言扰动下，中国电池巨头宁德时代股价大幅下跌。
CATL's Hong Kong-listed shares closed down 6.01% at HK$516 on Tuesday, while its Shenzhen-listed shares fell 6.16% to 316.36 yuan.
9月15日，宁德时代港股收跌6.01%，报516港元；A股收跌6.16%，报316.36元。
Unverified claims have recently circulated on social media that CATL may cut production plans and lower profit forecasts.
近期，社交媒体上流传未经证实的说法称，宁德时代可能下调排产计划和盈利预测。
The selloff came despite recent regulatory clearance for CATL to acquire a stake in Chongqing Yaoning New Energy Technology Co., a Geely-linked company building a battery plant. The size of the stake was not disclosed.
股价下跌之际，宁德时代近期获得监管部门批准，将收购重庆耀宁新能源科技有限公司的股权，它是吉利旗下的电池公司。宁德时代具体的持股比例没有披露。
The approval of CATL's acquisition "signals the government's intention to promote consolidation," said Vincent Sun, an analyst at Morningstar Inc. Acquisitions of stakes in automaker-backed battery businesses by major producers could reduce redundant expansion and improve efficiency, he said.
晨星公司分析师Vincent Sun表示，此次交易获批“表明政府有意推动行业整合”。他认为，头部电池企业收购车企支持的电池企业股权，有助于减少重复扩产并提升效率。
Beijing has repeatedly warned battery makers against excessive expansion and destructive price competition, seeking to avoid the oversupply that has battered China's solar industry. Caixin reported last week that some new electric-vehicle and energy-storage battery manufacturing projects had been paused pending a year-end capacity review.
中国政府已多次警示电池企业避免过度扩张和破坏性的价格竞争，以防重蹈光伏行业产能过剩的覆辙。财新上周报道称，部分新建动力及储能电池制造项目已暂停推进，等待年底产能考核结果。
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GreenergyDaily
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