❌

Normal view

Received today — 30 October 2026 ⏭ South China Morning Post

CATL, BYD, Gotion to gain as fossil-fuel prices drive demand for battery energy storage

30 October 2026 at 03:00
China’s makers of energy storage systems, including Contemporary Amperex Technology (CATL) and Gotion High-Tech, stand to benefit as conflict in the Middle East keeps fossil fuel prices elevated, raising demand for their products in green energy projects, according to analysts. The tailwinds are expected to outweigh a slowdown in the local market, where weaker-than-expected demand has dragged stock prices in the lithium-ion battery supply chain down by more than 46 per cent over the past six...

❌