HK Stock Market Move | Ganfeng Lithium Group (01772) rose nearly 6%; the company stated that its energy storage battery production capacity is currently at full capacity.

Ganfeng Lithium Group (01772) rose nearly 6%, reaching 5.87% at the time of publication, at HK$36.06, with a turnover of HK$340 million. On the news front, Ganfeng Lithium Group stated on the interactive platform that the company's energy storage cells have achieved large-scale production and have established long-term stable supply cooperation with several leading companies in various industries. Currently, the company's energy storage cell capacity is also at full production. Against the backdrop of the current surge in energy storage demand, the company ensures stable delivery to customers through its integrated layout. In addition, Ganfeng Lithium Group stated that the company continues to develop in the field of power batteries, with solid-state batteries already installed and in production in some vehicle models, as well as being used by well-known drone and eVTOL companies. The company is accelerating its industrialization process in the new energy vehicles, consumer electronics, and other fields. HAITONG INT'L recently pointed out that the company's business covers more than twenty products in five major categories, including solid-state lithium batteries, power batteries, consumer batteries, polymer lithium batteries, energy storage batteries, and energy storage systems. Regarding solid-state batteries, the company has a complete upstream and downstream integrated layout and commercialization capabilities, as well as research and production capabilities in key areas such as sulfide electrolytes and raw materials, oxide electrolytes, lithium metal anodes, cells, and battery systems. Considering the industry's profitability turning point, the company's leading position in the industry remains strong, with multiple business developments progressing simultaneously.