Movement Alert|CATL Rises 3.03% in Regular Trading, Lithium Mine Restart Progress and Credit Rating Upgrade Boost Sentiment

Market Focus06-23

On June 23, CATL rose 3.03% in regular trading, trading at HK$754.5/share, with turnover of HK$419 million. Multiple positive catalysts converged to drive the stock higher.

On the news front, CATL's indirectly controlled subsidiary Yichun Times successfully re-obtained the Construction Project Land Pre-approval and Site Selection Opinion for the Jianxiawo lithium mine project on June 17, valid through June 17, 2029. This document serves as a legally mandated prerequisite for project implementation. The mine had been suspended for over ten months since August 2025, and analysts estimate the project could resume production in Q4. Additionally, Fitch upgraded CATL's issuer credit rating from A- to A with a stable outlook, affirming the company's global market leadership and robust financial position.

At the industry level, energy storage contract signings announced since early June have surpassed 180GWh, reflecting strong demand momentum across the battery value chain and further reinforcing investor confidence in CATL's growth trajectory.

(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.)

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