CALB Shares Surge Over 4% as Power Battery Market Share Rises Steadily and Energy Storage Demand Remains Robust

Stock News05-27

CALB (03931) rose more than 4%. As of the time of writing, the stock was up 4.44% to HK$31.5, with a turnover of HK$154 million.

On the news front, Huaan Securities pointed out that, according to statistics from the China Automotive Battery Innovation Alliance, CALB's domestic power battery installation volume reached 7.31 GWh, with a market share of 5.86%, ranking third domestically. The company maintained a leading position amid phased pressure on industry demand. Global energy storage is expected to maintain rapid growth through 2026, and energy storage will become one of the key factors driving lithium battery demand growth. CALB's energy storage products cover scenarios such as power storage, commercial and industrial storage, and residential storage, and can be designed differently based on customer needs. Regarding emerging markets, the bank believes that the scaling up of low-altitude economy and robotics applications is expected to open up long-term growth space.

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