Financing Strategies of New Energy Giants: A Case Study on the Capital Structure of Ningde Era

DOI

10.2991/978-94-6239-642-5_7How to use a DOI?

Keywords

Contemporary Amperex Technology Co.Ltd; Financing Strategy; Capital Structure; Equity Financing; Debt Financing

Abstract

With the advancement of the global “dual carbon” goal, the power battery industry is experiencing rapid development. As the industry leader, CATL’s financing strategy and capital structure adjustment have important research value. This study takes Ningde Times as a case, adopts methods including case analysis and dynamic balance model testing, and deeply analyzes its financing strategies and dynamic capital structure adjustment path to verify the applicability of classical financial theories. This study finds that CATL has optimized its capital structure through diversified financing tools, such as equity financing, green bond issuance, and syndicated loans, effectively balancing equity dilution and debt constraints. At the same time, strategic investments such as joint ventures with automakers and vertical integration of the industrial chain have enhanced market competitiveness and financial stability. The research reveals the capital structure optimization path of Ningde Era under the background of technology iteration and capacity expansion and provides a reference for new energy enterprises to formulate financing strategies, which has important theoretical and practical significance.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jingjie Zhang
PY  - 2026
DA  - 2026/04/29
TI  - Financing Strategies of New Energy Giants: A Case Study on the Capital Structure of Ningde Era
BT  - Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026)
PB  - Atlantis Press
SP  - 56
EP  - 66
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-642-5_7
DO  - 10.2991/978-94-6239-642-5_7
ID  - Zhang2026
ER  -