HK Stock Market Move | REPT BATTERO(00666) rose by over 18%, jumping to the top three heavy truck supporting companies. It was previously announced that it would invest in building a battery factory in Indonesia.

REPT BATTERO (00666) soared by more than 18%, reaching a 15.58% increase at the time of writing, with a price of 12.46 Hong Kong dollars and a trading volume of 114.08 million Hong Kong dollars. On the news front, recent data from the Green Commercial Vehicle Association showed that a total of 82,723 new energy commercial vehicles were sold in 2024 from January to December, a year-on-year increase of 139.36%. Among the 82,723 new energy commercial vehicles, the most commonly used battery was the lithium iron phosphate battery (including applications with fuel cells), with 79,984 vehicles, accounting for 96.69%. Among the battery suppliers, REPT BATTERO supplied 6,718 new energy commercial vehicles with lithium iron phosphate batteries (including optional models), ranking third. Statistics show that more than 40 models from leading commercial vehicle companies such as Xugong Group, Sany Group, FAW Jiefang Group, Sinotruk Jinan Truck Group, Shaanxi Automobile Group, and Dongfeng Liuzhou are equipped with REPT BATTERO power batteries. Furthermore, REPT BATTERO announced last month that its board of directors has approved an investment to build a battery plant in Indonesia. REPT BATTERO stated that after the completion of the battery plant in Indonesia, they plan to engage in research and development, manufacturing, and sales of lithium-ion batteries, battery components, modules, and battery packs in accordance with local government policies. The first phase of the Indonesian battery plant is expected to produce 8GWh of power and energy storage batteries and systems, as well as battery components, after starting production.