HK Stock Market Move | Hainan Drinda New Energy Technology (02865) rose by over 4% in intraday trading and reached a strategic cooperation agreement with Shangyi Optoelectronics to increase investment in the field of space photovoltaic applications.

Hainan Drinda New Energy Technology (02865) rose more than 4% during trading, and at the time of writing, it had risen 2.92%, reaching HK$179.7 with a trading volume of 21.0011 million Hong Kong dollars. On the news front, on December 22, Hainan Drinda New Energy Technology announced a strategic cooperation agreement with Sunwing Optoelectronics. Hainan Drinda New Energy Technology will make an equity investment in Sunwing Optoelectronics as a strategic shareholder, and the two parties will deeply integrate industry and scene resources, focusing on the application of perovskite solar cell technology in space energy, to establish a collaborative mechanism in areas such as technology research and development, on-orbit verification, industrialization and application scenario expansion. Hainan Drinda New Energy Technology stated that the signing of this strategic cooperation agreement marks the acceleration of its photovoltaic cell technology layout in the aerospace field, responding to the country's aerospace power strategy, and is a key layout for the company to expand the space economy track and nurture future growth engines. As a global leader in photovoltaic cells, leveraging its advantages in crystalline silicon, perovskite solar cell research and manufacturing, it will increase investment and cooperation in the field of space photovoltaic application, striving to become a global leader in space photovoltaics.