Stock Track | CALB Soars 5.04% Intraday on Xiaomi Supply Chain Deal and Strong Earnings

Stock Track05-27

CALB's stock surged 5.04% during intraday trading on Wednesday, marking a significant upward movement for the battery manufacturer.

The sharp rise follows the confirmation that CALB has been selected as a battery supplier for Xiaomi Auto's new Xuntian brand. The company has officially entered Xiaomi's supply chain and will provide battery solutions for new vehicle models, with expectations that securing volume-oriented orders from the tech giant will further consolidate CALB's market position and sustain investor confidence.

This supply chain catalyst comes alongside strong fundamental performance, with CALB reporting first-quarter revenue of 11.804 billion yuan, representing a 71.2% year-over-year increase. The combination of these positive developments is driving a recovery in market sentiment toward the company.

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