Wuxi Lead Intelligent Equipment (SZSE:300450, Financial) is a full-service battery equipment provider with strong ties to China's largest battery manufacturer, CATL. We believe that on-going growth in electric vehicle (EV) sales will spur capacity growth for batteries. Such increased CapEx investments drives the need for equipment investments. The company also has an opportunity to expand its customer base from mainly Chinese domestic customers to global clients as well.
From the Matthews China Fund (Trades, Portfolio)'s fourth-quarter 2020 commentary.
