Lithium battery concept stocks posted strong gains, with CALB (03931) surging 10.67% to HK$34.24, TIANNENG POWER (00819) climbing 7.27% to HK$8.85, GANFENGLITHIUM (01772) rising 4.19% to HK$38.86, and CATL (03750) advancing 3.3% to HK$548 as of press time.

On the news front, domestic energy storage cell demand remains remarkably robust. Leading battery manufacturers have indicated that their factories are operating at full capacity, with some orders already scheduled into early next year. Furthermore, according to targets outlined in the Special Action Plan, China's new energy storage installed capacity is expected to reach over 180 million kilowatts by 2027, driving approximately 250 billion yuan in new project investments.

CITIC Securities maintains a positive outlook on the energy storage and lithium battery sectors, expecting continued momentum. The firm notes that the key factor to monitor is whether sustained energy storage demand can drive 2026 demand expectations to continue rising above the 20% growth rate. Key areas to watch include fourth-quarter energy storage tenders, battery company order expectations by late November, and the 2026 electric vehicle trade-in policy alongside lithium battery production schedules.