HK Stock Market Move | Lithium battery concept stocks collectively fell, with Ganfeng Lithium Group (01772) down over 5% and Contemporary Amperex Technology (03750) down over 4%.

Lithium battery concept stocks collectively fell. As of the time of writing, Ganfeng Lithium Group (01772) was down 5.09%, trading at 38.42 HKD; Contemporary Amperex Technology (03750) fell 4.14%, at 567.5 HKD; Tianqi Lithium Corporation (09696) dropped 4.10%, at 36.04 HKD; CALB (03931) decreased 3.64%, at 16.43 HKD. In terms of news, the Ministry of Commerce and two other departments jointly issued the "Guidelines for Overseas Competitive Behaviors and Compliance Construction in the Automotive Industry, aimed at guiding car companies to standardize their behaviors in overseas markets, enhance compliance levels in multinational operations, and facilitate the healthy international development of the automotive industry. Analysts believe that as automotive companies expand in overseas markets, with continued efforts in channel development and a rich product matrix, the scale of Chinese brands going abroad will accelerate towards standardized development. It is worth noting that the Ecological Environment Bureau of Yichun City published a statement on August 26, indicating that due to public doubts regarding the preliminary disclosure website of the construction unit, the planned acceptance announcement was revoked, and it will be posted again once it meets the requirements. Founder believes that the back-and-forth in the approval process for the Jianxiawo lithium mine reflects the numerous controversies the project faces. Following the revocation of the environmental assessment acceptance announcement, the resumption of production at Jianxiawo will be further postponed. We believe that the project's impact on lithium supply in 2026 may be relatively minor.