A-share battery sector gets off to a good start in October

China News Service, Beijing, October 8 (Reporter Chen Kangliang) On the first trading day of October, China's A-shares "went cold", and all major stock indexes fell. The battery sector bucked the trend and rose, getting a "good start" in October.

According to statistics from financial data service provider Oriental Fortune, as of the close of trading on the 8th, the battery sector rose 3.34% that day, the largest increase on the day; in terms of individual stocks, the stock prices of Liwang, Lingpai Technology, Shangshui Intelligence, Jinhe Galaxy, and Wuhan Blue Power all rose by more than 15%.

In terms of news, the "15th Five-Year Plan for the Development of New Battery Industry" recently released by China's Ministry of Industry and Information Technology and seven other departments proposed that by 2030, the scale of China's new battery industry will achieve steady growth. The innovation capabilities of the entire chain continue to increase, new breakthroughs have been made in advanced electrode materials, new electrolytes, high-end auxiliary materials, etc., new system battery research and development has made significant progress, all-solid-state batteries have initially achieved large-scale application, the cycle life of long-life lithium batteries has reached 15,000 times, and the product defect rate of leading companies has reached PPB (parts per billion) level.

Xiangcai Securities analyst Liu Ning said that the release of the above-mentioned plan provides a clear policy framework and roadmap for the development of China's new battery industry. The plan clarifies the quantitative indicators for industrial development in 2030, clarifies the time node for the commercialization of next-generation battery technology, and will guide R&D resources to all-solid-state batteries and other fields, benefiting related listed companies.

In terms of the performance of the major A-share indexes that day, as of the close, the Shanghai Composite Index reported 3,811 points, a decrease of 0.79%; the Shenzhen Component Index reported 12,620 points, a decrease of 2.07%; the GEM Index reported 3,036 points, a decrease of 3.15%. The total transaction volume of the Shanghai and Shenzhen stock exchanges was approximately 1,682.1 billion yuan, which was approximately 244.1 billion yuan higher than the previous trading day.