On July 2, CATL (Contemporary Amperex Technology) declined 3.42% in regular trading, trading at HKD 677.0/share, with turnover of HKD 1.314 billion. Multiple factors converged to trigger heightened market divergence.

On the news front, Hong Kong Exchange disclosures revealed that JPMorgan increased its short position on CATL H-shares from 2.70% to 3.21% as of June 24, signaling bearish institutional sentiment. Simultaneously, the company's Jiganxiawo lithium mine officially resumed production on June 29 after an 11-month shutdown, with annual capacity of approximately 100,000 tons of lithium carbonate — representing 8%-10% of domestic total output. While the resumption bolsters CATL's lithium self-sufficiency rate toward 50% by full ramp-up, analysts noted that high inventory levels combined with incremental supply landing will likely keep lithium carbonate prices in a wide oscillation range. Short-term profit-taking pressure has emerged following sentiment-driven gains in the lithium carbonate futures market, which surged over 8% on June 30.

(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.)