HK Stocks in Motion | Battery Production Picking Up, CATL Surges Over 6% at One Point

MaticHoleFiller · 2026-03-25T00:31:39+00:00

On March 20, CATL's H-shares rose more than 6%, reaching HK$683.5, while A-shares increased by 3.77%. Hong Kong-listed lithium battery concept stocks collectively surged, with sustained recovery in industry chain demand driven by vehicle replacement subsidies and new model launches boosting near-term demand.

MaticHoleFiller

2026-03-25 00:31:39

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Source: Shanghai Securities Journal · China Securities Journal

Shanghai Securities Journal China Securities Journal News (Reporter Yang Ziyan): On March 20, CATL’s H-shares opened higher and continued to rise, reaching an intraday high of over 6%, with the highest price at HKD 683.5 per share. As of 10:59 AM, CATL’s H-shares were at HKD 674 per share, up 4.66%, with a trading volume of approximately HKD 1.205 billion and a total market capitalization of about HKD 3.08 trillion; CATL’s A-shares increased by 3.77%.

On the same day, Hong Kong stocks related to lithium batteries continued to surge. As of 10:57 AM, Contemporary Amperex Technology Co. Limited (CATL) rose 5.08%, BYD Co. Ltd. increased 1.84%, Ganfeng Lithium rose 1.94%, Chaowei Power Holdings rose 0.72%, and TianNeng Power rose 0.75%.

According to the latest research report from J.P. Morgan International, battery production rebounded in March, and the industry chain’s prosperity continues to rise. On the demand side, as post-holiday car replacement subsidies are fully implemented across various regions, new models are densely released from April to May, and the phased “export rush” effect driven by adjustments in export tax rebate policies for batteries, short-term demand is strongly supported. Meanwhile, geopolitical uncertainties are expected to further boost overseas energy storage demand, and Chinese manufacturers are expanding their global market share by leveraging the cost advantages of lithium iron phosphate (LFP) routes.

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