HK Stock Market Move | Hainan Drinda New Energy Technology (02865) rebounds more than 8%; industry association speaks out that space solar technology is still in the early stages of exploration.

Hainan Drinda New Energy Technology (02865) fell more than 8%, the stock surged nearly 15% yesterday influenced by news related to Musk's team, but fell sharply towards the end of the session. As of the time of writing, it dropped by 8.49%, at 41.2 Hong Kong dollars, with a trading volume of 400 million Hong Kong dollars. On the news front, on February 4, Liu Yiyang, Executive Secretary of the China Photovoltaic Industry Association, stated that space photovoltaic technology is still in the early stages of exploration and validation, and it is still too early to determine a clear technological direction. The heterojunction (HJT) perovskite technology, which is currently being favored by the capital markets, is mainly based on the "cost reduction logic" proposed by individual financial institutions, and the actual products are still in the laboratory or validation stage, with a long way to go before large-scale commercialization.