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China BAK Battery Inc. |
And yes I do suspect that Tengzhoung plans on eventually going that
way, and who knows, maybe CBAK will be a supplier. But actually I
doubt that that's the "news" if there is any, that's more of a long
term issue ... nearer term the big profit driver for CBAK will be
laptop batteries. Honestly my guess is that some "in the know" have a
whiff that those sales are starting to tick up dramatically as China
recovers. And HP is under pressure to have a supplier they can rely on
for safe product in high volumes. Just last week (May 26, 2009) they
had this happen:
http://it-cost-reduction.tmcnet.com/topics/business-continuity/articl...
The recall earlier in the month was for 70000 batteries. Both from a
different unnamed Chinese supplier.
It would make sense for HP to finally switch to a supplier with a
better safety record and reliable production. Heck, it would even make
sense for HP to take an equity position in such a company in order to
assure the QA process - as has been rumored elsewhere. (I doubt that
however.)
But speculations are just that. I WANT NEWS!
On Jun 2, 10:41 pm, kevf...@gmail.com wrote:
> http://www.upi.com/Business_News/2009/06/02/GM-finds-buyer-for-Hummer...
> http://www.energyefficiencynews.com/transport/i/2129/
> On Jun 2, 9:21 pm, rkseid...@gmail.com wrote:
> > Y'know, that speculation about Hummer may not be so crazy ...
> >http://www.reuters.com/article/wtUSInvestingNews/idUSTRE5512F220090602
> > >>Based in the Chinese province of Sichuan, Tengzhong makes special-use vehicles, highway and bridge structural components, construction machinery, and energy facilities. ... GM said the investor would fund future vehicles for Hummer and invest in alternatives to the heavy gas-guzzling engines that are the hallmark of the brand.<<
> > Nah.
> > :)
> > On Jun 2, 6:52 pm, rkseid...@gmail.com wrote:
> > > CBAK up moderately dramatically even for this historically volatile
> > > company, on high volumes. No news released. What's up? Of course you
> > > don't know any better than I do! But someone has some hint of some
> > > news to be released soon to have set this off ... and what the Hell,
> > > let's some wild guesses as to what that news may be!
> > > - HP finally makes its large order?
> > > - HP also takes a large stake in CBAK? (Crazy rumor on Yahoo about an
> > > HP take-over notwithstanding)
> > > - That Chinese company that GM is selling Hummer to intends on making
> > > Hummer an EV and using CBAK batteries in it?
> > > - The Chinese auto concern liked the product and has placed a large
> > > order?
> > > - Or just that some major player decided that CBAK is a good play and
> > > the spike of one large order set off the sheep to come braying on in?
> > > What are your guesses? The wilder the better!
> > > (Like I said before when this company pops it pops quickly and you
> > > really do not want to be out of it when it does. How fully invested in
> > > it to stay as the sheep do come flocking in, and how much to take off
> > > the table at what price point - assuming that it will drop a bit back
> > > down - is the next question. $4? $5? .... I think that I'll take a
> > > fraction off once it hits $5. And I will unsurprised if there is some
> > > real news released and it does hit that fairly quickly ...)