HK Stock Market Move | Contemporary Amperex Technology (03750) has risen by over 5%, and the lithium battery industry chain is expected to maintain a prosperous production schedule.

Contemporary Amperex Technology (03750) rose more than 5%, as of the time of writing, it has risen by 5.06% to 706.5 Hong Kong dollars, with a turnover of 2.124 billion Hong Kong dollars. On the news front, according to Soochow, the combined sales of 9 European countries in May reached 305,000 vehicles, with a month-on-month and year-on-year growth rate of 33%/6%, exceeding expectations. It is expected that the annual growth will exceed 35%, so the demand for power batteries remains strong, with an expected growth of 20-25% for the whole year; strong demand for energy storage, with a shipment volume of 216 gwh in the first quarter, doubling year-on-year, and global demand has been revised upwards to around 1150 GWh, a year-on-year increase of 7-80%; June production is expected to increase by 5-10% month-on-month, with July's estimate remaining at 5-10%, and an expected growth of 35-40% for the whole year. Citigroup previously predicted that Contemporary Amperex Technology's battery production and shipment volume in the second half of the year will remain strong, with demand for energy storage systems (ESS) becoming a highlight.