Everyone knows that China dominates battery manufacturing, home to global leader CATL as well as smaller players like CALB and Gotion High Tech (002074.SZ). But far less visible is China’s equally commanding position in the upstream manufacturing equipment segment behind the finished product.
The leader in that space is Wuxi Lead Intelligent Equipement Co. Ltd. (300450.SZ), whose plan for a second listing in Hong Kong, complementing its current listing in Shenzhen, made a key advance last week after receiving approval from China's securities regulator.