Stock Track | DRINDA Soars 15.62% Intraday on Space Photovoltaic Technology Expansion

Stock Track01-29

DRINDA's stock surged 15.62% during Thursday's intraday trading session, reflecting strong investor interest in the company's strategic initiatives.

The price movement follows DRINDA's announcement of plans to enter the low Earth orbit (LEO) and space photovoltaic market through a CNY 30 million investment to acquire a 16.67% stake in Shanghai Xingyi Xinneng. The two companies will establish a joint venture focused on CPI film and products combining CPI film with crystalline silicon solar cells for space applications.

This expansion comes amid accelerating development in China's commercial space sector, with the global space market projected to exceed USD 800 billion by 2030. DRINDA's move from ground-based to space-based photovoltaics leverages its expertise in large-scale crystalline silicon manufacturing to capture new growth opportunities in the satellite and space computing industries.

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