Movement Alert｜CALB Group Rises 3.02% in Regular Trading, Confirmed as Battery Supplier for Xiaomi Auto Xuntian Brand

Market Focus05-20

On May 20, CALB Group rose 3.02% in regular trading, trading at HKD 30.02/share with trading volume of HKD 58.21 million, ending a multi-day losing streak.

On the news front, Xiaomi Auto's new brand Xuntian has introduced CALB Group as a battery supplier for its third model, Kunlun N3. According to reports, battery supply allocation gives Sunwoda 60% and CALB Group 40%. However, CALB Group responded that the company has indeed entered Xiaomi's supply chain and will provide battery solutions for the new vehicle, claiming it is actually the primary supplier and that media reports on share allocation and ranking are inaccurate. Securing orders for Xiaomi's volume model is expected to further consolidate CALB's market position.

The stock had previously fallen for consecutive sessions due to concerns over short-term debt pressure, with current liabilities exceeding current assets by approximately RMB 105.56 billion as of Q1 end. The supply chain confirmation provided a positive catalyst to reverse the recent downtrend.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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