HK Stock Market Move | LI AUTO (02015) rose more than 3%, jointly developed with the Aerospace Materials Institute to develop aerospace-grade thermal insulation materials for power batteries.

LI AUTO-W(02015) rose more than 3%, up 3.24% to HK$94 as of press time, with a turnover of HK$553 million. On the news front, on December 18, it was reported that the joint venture laboratory for advanced insulation materials was established in Beijing by LI AUTO and the Third Research Institute of China Aerospace Science and Industry Corporation. The establishment of this laboratory aims to develop aerospace-grade insulation materials for power batteries, improve the thermal safety performance of power batteries, and promote the safe development of the new energy vehicle industry. It is reported that the Third Research Institute of China Aerospace Science and Industry Corporation focuses on the development of new generation aerospace materials, and provides services to the aerospace, new energy vehicles, and industrial energy conservation fields with technologies such as nanometer insulation materials, phase change materials, and ceramic materials. At the signing ceremony, the head of LI AUTO's power battery research and development, Liu Zhimin, emphasized the company's focus on thermal safety protection for power batteries, and stated that the cooperation with the research institute of China Aerospace Science and Industry Corporation will further enhance the thermal safety protection performance of the batteries.