On May 21, CALB Group rose 3.66% in regular trading, trading at HKD 30.16/share, with trading volume of HKD 21.27 million, extending the previous session's rebound and ending a multi-day losing streak.
On the news front, Xiaomi Auto's new independent sub-brand \"Xuntian\" (SKY NOMAD) has introduced CALB Group as a battery supplier. The company confirmed it has entered Xiaomi's supply chain and will provide battery solutions for the new vehicle, claiming it should hold the primary supplier position. Media reports initially indicated Sunwoda would supply 60% and CALB 40% for the Kunlun N3 model — a full-size range-extended SUV planned for launch in the second half of this year — though CALB stated the reported share allocation and ranking were inaccurate.
Securing battery orders for Xiaomi's volume-oriented models is expected to further consolidate CALB's market position. The stock had previously been under sustained pressure due to current liabilities exceeding current assets by over RMB 100 billion as of Q1-end, despite strong quarterly results showing revenue of RMB 11.8 billion (up 71.2% YoY). The supply chain catalyst has driven sentiment recovery.
(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.)
Comments