HK Stock Market Move | Wuxi Lead Intelligent Equipment (00470) further increased by nearly 5%, Contemporary Amperex Technology will mass produce sodium batteries within the year, and the company has the full capacity to deliver the entire process line.

Wuxi Lead Intelligent Equipment (00470) rose nearly 5%, as of the time of writing, it rose by 4.41% to 59.2 Hong Kong dollars, with a trading volume of 151 million Hong Kong dollars. On the news front, on April 21st, Contemporary Amperex Technology held a new product launch event at the Super Technology Day in Beijing. Academician of the Chinese Academy of Engineering and Chief Scientist of Contemporary Amperex Technology, Wu Kai, stated at the event that the company has overcome the four major industry difficulties in the mass production of sodium-ion batteries: extreme water control, hard carbon gas production, aluminum foil bonding bottleneck, and mass production of self-generating negative electrodes. They have tackled hundreds of engineering problems one by one, and sodium new batteries are expected to be officially mass-produced by the end of 2026. It is worth noting that Wuxi Lead Intelligent Equipment stated on the investor interaction platform that in the field of energy storage, the company can provide a full value chain solution for cell manufacturing, module/PACK, charge-discharge testing, and container energy storage system integration. They have received repeat bulk orders from many top energy storage customers, and their equipment has been highly recognized by customers. In the field of sodium-ion battery equipment, the company has the capability of delivering the entire production line, with completely independent intellectual property rights, covering all forms of products, and has provided batch services to top enterprises both domestically and internationally.