---
title: "Longstone Technology Surges 8% as Energy Storage Sector Rallies"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290374730.md"
description: "Longstone Technology gained 8% to HK$13.42 in Hong Kong trading on sector strength. Company announced Indonesia battery plant expansion and share placement."
datetime: "2026-06-22T02:21:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290374730.md)
  - [en](https://longbridge.com/en/news/290374730.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290374730.md)
generator: "portal-rs"
---

# Longstone Technology Surges 8% as Energy Storage Sector Rallies

**Longstone Technology** (2465.HK) surged **over 8%** during regular trading to **HK$13.42**, with turnover exceeding **HK$147 million**.

The rally was driven by the energy storage sector, with Sungrow Power Supply rising more than 10% and lifting peers.

In corporate developments, the company earlier announced a planned investment of approximately **USD 160 million** in Indonesia to construct Phase III of its lithium battery cathode materials project. Full completion would increase the Indonesia base capacity from **30,000 tons** currently to **120,000 tons**.

Additionally, on June 16, the firm disclosed plans to place up to **15 million H shares** at **HK$13.09** per share, representing an **8.91% discount**, expected to raise net proceeds of approximately **HK$194 million** for working capital at the Jintan project and debt repayment.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**