HK Stock Market Move | Wuxi Lead Intelligent Equipment (00470) rose over 6% in early trading, with high utilization of battery factory capacity and benefiting from downstream expansion intentions.

Wuxi Lead Intelligent Equipment (00470) rose more than 6% in early trading, with the stock price reaching a new high. At the time of writing, it had risen by 5.52% to 54.45 Hong Kong dollars, with a turnover of 64.0144 million Hong Kong dollars. On the news front, according to the annual report of Contemporary Amperex Technology for 2025, by the end of 2025, the total battery production capacity of Contemporary Amperex Technology was 772GWh, with a production of 748GWh, and the capacity utilization rate reached 96.9%, surpassing the previous cycle peak and setting a new historical high. GF SEC pointed out that the sustained high capacity utilization rate of top battery factories means that existing production lines are close to full capacity and cannot meet future order growth, prompting the need for expansion. Against the backdrop of strong expansion intentions of downstream battery manufacturers, there is optimism about the growth potential of lithium battery equipment in the new cycle. Public information shows that Wuxi Lead Intelligent Equipment is one of the few equipment companies in the world with the capability of delivering complete lithium battery production lines. The company was the first to achieve mass production of all solid-state batteries in 2024. In 2025, the company's solid-state battery equipment successfully achieved mass delivery, covering customers in Europe, America, Japan, South Korea, and leading domestic battery companies, and securing repeat orders with stable performance.