HK Stock Market Move | Hainan Drinda New Energy Technology (02865) rose more than 3% in intra-day trading, and is collaborating with Shangyi Optoelectronics to develop super lightweight, high radiation-resistant perovskite stacked battery products.

Hainan Drinda New Energy Technology (02865) rose more than 3% during trading hours, as of the time of writing, it has increased by 3.03%, reaching HK$24.44, with a turnover of HK$69.5499 million. On the news front, according to a research report by Huajin Securities, Research and Markets data shows that the global on-orbit data center market is expected to reach $39.09 billion by 2035 (with a ten-year compound growth rate of 67.4%). The rigid demand for "lightweight, high-efficiency" energy in high-energy consumption characteristics coincides with the deep technological advantages of space photovoltaics. The firm believes that the opportunities in the subdivided segments are prominent, and p-type ultra-thin HJT and perovskite photovoltaic products have future growth potential. Earlier, Hainan Drinda New Energy Technology invested in Shangyi Optoelectronics as a strategic shareholder. The two parties have established a synergy mechanism around the application of perovskite batteries in space energy, including in technology research and development, on-orbit verification, industrialization landing, and scenario expansion, to explore the domestic and North American commercial aerospace and space computing market. They are developing ultra-lightweight, highly radiation-resistant perovskite layered battery products for scenarios such as low-orbit satellites and space computing, promoting ground testing and on-orbit testing, planning to complete key on-orbit tests by 2025, achieve large-scale supply by 2026, and then promote the inclusion of products in the China Spacesat system, gradually achieving commercial delivery.