ChinaElectrification & Mobility▲
Zidian Electronics Surges by 20% Two Minutes After Open as Lithium Battery Stocks Rally
On the morning of July 27, lithium battery stocks strengthened. Zidian Electronics hit the 20% daily limit two minutes after the market opened. Tianhong Lithium Battery, Lingpai Technology, and Xinwangda rose more than 5%, while CATL gained nearly 4%. In news, CATL announced on July 24 that it plans to use its own or self-raised funds to repurchase A-shares through centralized bidding. The total repurchase amount will be no less than 20 billion yuan and no more than 40 billion yuan, with a maximum repurchase price of 573 yuan per share. Wanlian Securities believes that driven by high downstream demand growth, the overall lithium battery industry sentiment is recovering. Current production scheduling is active, material prices are rising year-on-year, and the industry cycle is in an upward phase. It suggests actively focusing on profit recovery opportunities for leading stocks in the lithium battery materials sector.
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Electrification & Mobility › Incumbent Li-ion Cell Makers ▲Demand
Critical Materials & Supply Chain › Lithium ▲Demand
300750.CS · Capital · Positive CATL announced a share repurchase plan of 20-40 billion yuan, a direct capital event.
浙江天宏锂电股份有限公司 (Zhejiang Tianhong Lithium Battery Co., Ltd.) · Demand · Positive Tianhong Lithium Battery rose more than 5% as part of lithium battery sector rally driven by high downstream demand growth.
300207.CS · Demand · Positive Lithium battery sector rally driven by high downstream demand growth, benefiting Sunwoda as a sector participant.
300530.CS · Demand · Positive Lithium battery sector rally driven by high downstream demand growth, benefiting Lead Power as a sector participant.
301121.CS · Demand · Positive Lithium battery sector rally driven by high downstream demand growth, benefiting VDL Electronics as a sector participant.