In today’s briefing:
- Weekly Deals Digest (06 Oct) – Tokyo Metro, Rigaku, CR Beverage, K Bank, ASMPT, Samson, T-Gaia
- CATL Chairman Sees Recycled Lithium as the Future of EV-Battery Making
- Lyft Inc.: Expansion of Serviceable Addressable Market Driving Our Optimism! – Major Drivers
Weekly Deals Digest (06 Oct) – Tokyo Metro, Rigaku, CR Beverage, K Bank, ASMPT, Samson, T-Gaia
- A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.
- ECM developments: Tokyo Metro (9023 JP), Rigaku Holdings (268A JP), K Bank (279570 KS) and China Resources Beverage (CRB HK) IPOs.
- Event-Driven developments: ASM Pacific Technology (522 HK), Greatview Aseptic Packaging (468 HK), Samson Holding (531 HK), Descente Ltd (8114 JP), T Gaia Corp (3738 JP).
CATL Chairman Sees Recycled Lithium as the Future of EV-Battery Making
Half of all lithium-ion batteries could be made with recycled lithium by 2042, according to the founder of power cell giant Contemporary Amperex Technology Co. Ltd. (CATL) (300750.SZ +11.06%), who presented a vision of an eco-friendlier industry at a recent event.
Speaking at the World New Energy Vehicles Congress on Friday, Zeng Yuqun, also CATL’s chairman, highlighted the critical role power cells can play in driving the EV industry toward a zero-carbon future, saying that the sustainable development of the industry hinges on the use of recycled battery raw materials.
- CATL’s battery recycling business has already taken shape, with a current annual capacity to process 270,000 tons of used batteries, Zeng said.
Lyft Inc.: Expansion of Serviceable Addressable Market Driving Our Optimism! – Major Drivers
- Lyft, Inc. recently released its financial results for the second quarter of 2024, highlighting some significant milestones and challenges.
- The quarter was notable as it marked the first instance of GAAP profitability for Lyft, signaling a robust measure of cost management and efficiency within the company.
- However, this financial highlight comes amid various strategic shifts and external factors that could influence the company’s trajectory moving forward.
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