Electrification & Mobility▲
Zidian Electronics Surges by 20% Two Minutes After Open as Lithium Battery Stocks Rally
On the morning of July 27, lithium battery stocks strengthened. Zidian Electronics hit the 20% daily limit two minutes after the market opened. Tianhong Lithium Battery, Lingpai Technology, and Xinwangda rose more than 5%, while CATL gained nearly 4%. In news, CATL announced on July 24 that it plans to use its own or self-raised funds to repurchase A-shares through centralized bidding. The total repurchase amount will be no less than 20 billion yuan and no more than 40 billion yuan, with a maximum repurchase price of 573 yuan per share. Wanlian Securities believes that driven by high downstream demand growth, the overall lithium battery industry sentiment is recovering. Current production scheduling is active, material prices are rising year-on-year, and the industry cycle is in an upward phase. It suggests actively focusing on profit recovery opportunities for leading stocks in the lithium battery materials sector.