HK Stock Market Move | CALB (03931) is now down more than 5%. Reports indicate that some models of Huawei's Smart Selection division are switching to Contemporary Amperex Technology battery cells.

CALB (03931) is currently down more than 5%, as of the time of publication, it has dropped 5.49% to 29.98 Hong Kong dollars, with a turnover of 1.11 billion Hong Kong dollars. On the news front, according to Blue Whale News, it was learned from sources at Hongmeng Zhihang that due to insufficient production capacity of CALB battery cells, some models of Zhi Jie will be equipped with a batch of Contemporary Amperex Technology 82-degree batteries, which were previously equipped with CALB batteries of the same specifications. The performance, service life, and functions of the two battery brands all meet the standards of Huawei's "Whale" battery platform, and the warranty policy remains consistent. According to insiders, this move aims to accelerate delivery and ensure that users can enjoy the national purchase tax exemption policy.