The A-share market strengthened in early trading, with the Shanghai Composite Index up 0.44%, the Shenzhen Component Index rising 1.8%, and the ChiNext Index surging 2.68% by the close. The half-day turnover reached 1.27 trillion yuan.
Market hotspots rotated actively, with over 3,800 stocks advancing across the board. Leading sectors included energy metals, batteries, and phosphorus chemicals, while oil & gas and banking lagged.
The lithium battery industry chain saw a strong rally, with over 20 stocks such as Tianci Materials hitting the daily limit-up. Furukawa Electric surged for six consecutive sessions, while Huasheng Lithium gained three limit-ups in six days. CATL (Contemporary Amperex Technology Co., Limited) soared over 8%, approaching its all-time high. Fujian-related stocks continued climbing, with Xiamen XGMA Machinery among multiple limit-ups. Energy storage concept stocks strengthened rapidly, with Sungrow Power hitting the upper circuit.
Reports indicate that since Q3, the lithium battery supply chain has experienced a comprehensive recovery, marked by stabilizing prices, frequent large orders, and earnings growth, signaling significant improvement in industry sentiment. Notably, lithium hexafluorophosphate prices doubled within a month as the fastest-rising segment.
On November 12, the 2025 World Power Battery Conference held in Yibin, Sichuan, saw 180 projects signed totaling 86.13 billion yuan, covering key green energy sectors like power batteries, new energy storage, photovoltaics, and smart connected EVs, demonstrating robust industrial clustering and growth momentum.
Analysts note the power battery industry exhibits pronounced concentration among leading players, while inefficient tail-end capacity awaits orderly elimination. Due to technological intensity and manufacturing complexity, the sector has long been dominated by top-tier firms. However, persistently high growth in EV demand and dynamic pricing competition have delayed the phasing out of weaker capacity. Chinese lithium battery firms currently hold clear advantages in global production scale and advanced technology, with stable long-term growth prospects supported by strong domestic EV demand and comprehensive supply chains, enabling competitive global participation at reasonable profit margins.
(Disclaimer: Content and data are for reference only and do not constitute investment advice. Investors assume all risks.)