HK Stock Market Move | Jiangsu Lopal Tech. (02465) rose by over 7% at one point. Recently, there have been continuous positive developments in the solid-state battery field. The company expects the second phase of the lithium source project in Indonesia to be completed by the end of the year.

Jiangsu Lopal Tech. (02465) rose more than 7% once, and as of the time of publication, it has risen by 4.27%, to 6.6 Hong Kong dollars, with a turnover of 1.44 billion Hong Kong dollars. On the news side, Jiangsu Lopal Tech. recently released an investor relations activity record, disclosing that the company's Indonesian lithium source Phase 1 30,000-ton project went into operation at the beginning of 2025 and has successfully produced and shipped products to overseas customers at overseas factories, currently maintaining high production capacity utilization. The Indonesian lithium source Phase 2 90,000-ton project has started construction work and is expected to complete construction and equipment debugging by the end of this year. The company has always adhered to an internationalization strategy and will take advantage of the rapid growth in overseas demand for lithium iron phosphate batteries, and will continue to expand overseas production capacity and acquire overseas orders. In addition, the solid-state battery field has seen continuous favorable developments recently. On May 22, the China Society of Automotive Engineers formally released the "Solid-State Battery Determination Method" group standard, which for the first time clearly defines the solid-state battery, addresses industry boundary definition and testing method deficiencies, and lays the foundation for technological upgrades and industrialized applications. Jiangsu Lopal Tech. stated that the company has been cooperating with solid-state battery manufacturers and collaborating with top universities in joint research and development.