HK Stock Market Move | Contemporary Amperex Technology (03750) rebounds over 3%; BAIC Group will promote the integration of adapted models from multiple brands under its umbrella into the company's chocolate battery swap ecosystem.

Contemporary Amperex Technology (03750) rebounded over 3%, rising 2.96% as of press time to HK$348.8, with turnover of HK$1.302 billion. On the news front, according to Contemporary Amperex Technology's official WeChat account recently, BAIC Group and Contemporary Amperex Technology signed a strategic cooperation agreement on one million battery swap vehicles in Beijing. The two parties will cooperate on vehicle development, battery swap battery supply, battery swap networks, battery banks, and business model innovation to promote industry standardization and large-scale development. BAIC Group will promote the integration of adapted models from multiple brands under its umbrella into Contemporary Amperex Technology's chocolate battery swap ecosystem, joining hands to sprint toward the goal of one million battery swap vehicles.