HK Stock Market Move | CNGR(02579) rose nearly 5% against the market trend. The first national standard for solid-state batteries has been released. The company is focusing on the field of solid-state batteries and other materials.

CNGR (02579) rose by nearly 5% against the market trend, reaching 4.64% at the time of publication, at 33.36 Hong Kong dollars, with a trading volume of 38.9962 million Hong Kong dollars. On the news front, market media reporters have learned from the National Automotive Standardization Technical Committee that on December 30th, the first national standard for solid-state batteries, "Part 1 of Solid-State Batteries for Electric Vehicles: Terminology and Classification," was publicly soliciting opinions. The draft for opinions clarifies the basic contents of relevant terminology, classification, and codes of solid-state batteries. Ping An Securities believes that the country attaches importance to the development of new lithium battery technologies, and policy makers have also mentioned the development of the solid-state battery industry. With policy emphasis and industry participants' efforts, the research and development of solid-state batteries are expected to steadily land and gradually move towards industrialization. Recently, CNGR Advanced Material stated in an institutional research interview that the company mainly focuses on two major technology routes, oxide and sulfide, in the electrolyte materials field and is committed to synergistic research and development through key links such as precursor - positive electrode materials - solid-state electrolytes to build a full-process technological capability. The company stated that its main investment directions in the next three years will include: resource layout such as the construction of Guizhou phosphate mines and follow-up investment in lithium mines; continuous overseas production capacity construction; and research and development investment focusing on solid-state batteries, phosphate high-voltage products, sodium batteries, and other material fields.