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CATL Jumps 3% to Record, GANFENGLITHIUM Rockets 10% on Strong Demand & Full-Capacity Production
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GANFENGLITHIUM (01772.HK) revealed on an interactive platform that its energy storage cells had achieved large-scale mass production and had established long-term stable supply cooperation with several industry leaders, Chinese media reported. The company's energy storage cell production is currently running at fully capacity. GANFENGLITHIUM's stock price once climbed to around a two-year high of HKD38.06 in early trading. It last traded at HKD37.7, up 10.69%, with a volume of 24.6435 million shares (already above yesterday's volume), involving HKD896 million. Its peer TIANQI LITHIUM (09696.HK) was last at HKD42.06, up 6.97%, with a turnover of HKD228 million. CATL (03750.HK) continued its six-day uptrend to opened 2% higher this morning (19th) and reached a historic high of HKD521 in early trading. It last printed at HKD520, up 3%, with a turnover of HKD577 million. The company has signed a five-year comprehensive strategic cooperation agreement with LI AUTO-W (02015.HK), under which they will engage in deep cooperation in fields like battery safety and ultra-fast charging technology. According to a CLSA report, CATL is currently running at full capacity for both its electric vehicle and ESS production, with strong demand particularly from the overseas ESS market. AAStocks Financial News |
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