Briefly

Locked up shares to be made tradable

Locked up shares worth about 177.03 billion yuan ($26.3 billion) will become eligible for trade on China's bourses this week. From Jan 16 to 20, more than 27.43 billion shares will become tradable on the Shanghai and Shenzhen bourses, according to data from financial information provider Wind. Under China's stock market rules, major shareholders must wait for one to two years before they are permitted to sell their shares.

Power battery output surges in 2022

China's installed capacity of power batteries logged steady growth in 2022 amid a boom in the country's new energy vehicle market. The installed capacity of power batteries for NEVs totaled 294.6 gigawatt-hours last year, surging 90.7 percent year-on-year, said the China Automotive Battery Innovation Alliance. About 183.8 GWh of lithium-ion batteries were installed in NEVs in 2022, up 130.2 percent from a year earlier and accounting for 62.4 percent of the total. In December alone, the installed capacity of power batteries increased 37.9 percent year-on-year to hit 36.1 GWh.

China Daily - Xinhua