Understanding the Market | CATL rises over 3%, stock price hits a new high since listing, recently reached a deepened strategic cooperation agreement with Geely Auto

CATL rose over 3%, reaching a high of HKD 374 during the session, setting a new record since its listing. As of the time of publication, it was up 3.73%, trading at HKD 372.6, with a transaction volume of HKD 300 million. According to news from CATL's official WeChat account, CATL and Geely Auto recently signed a comprehensive deepening strategic cooperation agreement for electrification. The two parties will take this signing as an opportunity to further deepen cooperation in areas such as power battery technology synergy, product platform integration, and supply chain system construction, promoting deep collaborative development across the entire industry chain and establishing a more efficient and stable cooperation mechanism. It was introduced that since the establishment of their cooperative relationship in 2013, CATL has been deeply involved in Geely's new energy vehicle product layout. From creating cost-effective battery cell solutions for the Geometry series, to supporting the Galaxy series in achieving technological platform upgrades, and collaborating on the launch of the Kirin battery with the ZEEKR 001 and the Xiaoyao Super Hybrid Battery in the Lynk & Co 900, CATL has consistently driven the deep development of cooperation with stable, high-quality products and services, helping Geely Auto maintain strong competitiveness in both the mainstream and high-end product markets