HK Stock Market Move | Ganfeng Lithium Group (01772) rose more than 6% in the afternoon, with A shares rising more than 9%. The company continues to increase its investment in the battery business.

Ganfeng Lithium Group (01772) rose more than 6%, with its A shares increasing by over 9% in the afternoon. As of the close of trading, it rose by 6.41% to $48.48 Hong Kong dollars, with a turnover of $1.735 billion Hong Kong dollars. In terms of news, Ganfeng Lithium Group recently announced that the company has a complete integration layout of solid-state battery upstream and downstream, and has commercialization capabilities. The company has research and production capabilities in key aspects of solid-state batteries such as sulfide electrolytes and raw materials, oxide electrolytes, lithium metal anodes, battery cells, and battery systems. The company has launched a flight series power supply suitable for low-altitude economy, with a high energy density covering a range of 320Wh/kg to 550Wh/kg, and a cycle life of up to 1000 cycles. It has passed the GB38031-2020 vehicle standard and has reached cooperation with well-known drone and eVTOL companies. The company actively introduces strategic investors in the energy storage sector to help its financing and high-quality sustainable development. Changjiang's previous research report pointed out that along with the stabilizing increase in lithium prices since the third quarter, the company, as a resource leader with a faster increase in self-supply rate in this round and continued cost optimization, is expected to gradually improve its profitability. At the same time, the company continues to increase its battery business, and its lithium metal production capacity ranks first globally. It is expected to benefit from the demand for solid-state negative electrode materials in the ultimate lithium battery route in the future, with broad long-term growth potential and investment value worth paying attention to.