HK Stock Market Move | Lithium battery concept stocks rose in early trading, CALB (03931) rose more than 5%. The Ministry of Industry and Information Technology warned of irrational competition in the lithium battery industry.

Concept stocks of lithium batteries rose in the early trading session, as of the time of writing, CALB (03931) rose by 5.13% to 26.62 Hong Kong dollars; TIANNENG POWER (00819) rose by 4.02% to 7.51 Hong Kong dollars; Ganfeng Lithium Group (01772) rose by 3.49% to 57.9 Hong Kong dollars; Tianqi Lithium Corporation (09696) rose by 1.21% to 54.35 Hong Kong dollars. On the news front, the official WeChat account of the Ministry of Industry and Information Technology announced that the Ministry of Industry and Information Technology, the National Development and Reform Commission, the State Administration for Market Regulation, and the National Energy Administration jointly held a forum on the power and energy storage battery industry on January 7 to further regulate the competition order in the power and energy storage battery industry. According to information obtained from sources by reporters, this meeting convened 16 companies, including 13 power and energy storage battery companies, as well as 3 system integrators. In addition, industry media reports that the China Automobile Power Battery Innovation Alliance and the China National Chemical Engineering Physical Power Industry Association fully participated in this forum, advocating for industry self-regulation.