HK Stock Market Move | TIANNENG POWER (00819) rises more than 4%, the Ministry of Transport of the People's Republic of China will organize the cultivation of leading enterprises in the transportation of power lithium batteries.

Tianneng Power (00819) rose more than 4%. As of the time of writing, it is up 4.23%, at 7.15 Hong Kong dollars, with a trading volume of 14.5118 million Hong Kong dollars. In terms of news, recently, the Ministry of Transport and other ten departments issued "Several Measures to Accelerate the Improvement of Transport Services and Safety of Power Lithium-ion Batteries for New Energy Vehicles", proposing to cultivate leading enterprises in the transport of power lithium-ion batteries. Organize actions to cultivate leading enterprises in the transportation of power lithium-ion batteries, support transport enterprises to benchmark against international first-class standards, actively expand international supply chain services for power lithium-ion batteries, integrate overseas transportation, warehousing, and other logistics resources, and improve the guarantee capability of international supply chain services for power lithium-ion batteries. At the same time, it is proposed to accelerate the promotion of railway transportation of power lithium-ion batteries and strengthen the standardized management of the lithium-ion battery industry. Research and formulate safety transport conditions for power lithium-ion batteries for new energy vehicles by railway. Conduct trial runs of power lithium-ion batteries by railway at stations with the necessary conditions and study the promotion of international railway intermodal transport of power lithium-ion batteries.