Movement Alert｜GUOXIA TECH Rises 8.98% in Regular Trading, European Energy Storage Demand Surge Combined with Nordic Strategic Partnership

Market Focus08-03

On August 3, GUOXIA TECH rose 8.98% in regular trading, reaching HKD 17.12, with turnover of approximately HKD 13.47 million. The rally was driven by booming demand in the European energy storage market and continued momentum from the company's Nordic strategic partnership.

On the news front, multiple Chinese energy storage companies recently secured orders in Sweden, Germany, and the UK, with a combined scale exceeding 1.8 GWh. According to the European PV Industry Association, the European battery energy storage market is expected to grow sixfold by the end of this decade, reaching approximately 400 GWh. GUOXIA TECH previously signed a 3-year strategic cooperation framework agreement with Sweden-based Rocmore Energy AB, combining the group's energy storage solutions with Rocmore's Nordic projects to expand its European market footprint.

The company positions itself as an AI-driven renewable energy solutions provider in the energy storage sector, leveraging its proprietary cloud-edge-device collaborative intelligent architecture and Safe ESS core technology platform to build tokenized energy storage factories serving AI computing power infrastructure.

(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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