Changes in Hong Kong stocks | China Aviation Innovation (03931) rose nearly 3% in November to achieve rapid growth in power battery loading volume, agencies say the company's market share increased steadily

The Zhitong Finance App learned that China Aviation Innovation (03931) rose nearly 3%. As of press release, it had risen 2.1% to HK$26.22, with a turnover of HK$17.022,300.

According to the news, Cathay Pacific Haitong Research Report pointed out that in November, domestic power battery loading volume was 93.5 GWh, up 39.2% year on year; among them, ternary battery loading volume was 18.2 GWh, accounting for 19.4% of total vehicle load, up 33.7% year on year, up 9.9% month on month, and lithium iron phosphate battery loading volume was 75.3 GWh, accounting for 80.5% year on year, up 40.7% year on year, up 11.6% month on month. The bank believes that with the rapid growth in downstream demand in the lithium battery industry, power batteries and related key materials companies are expected to benefit.

Shen Wan Hongyuan said that as the downstream NEV market continues to expand, the 1-3Q25 has sold 11.2 million NEVs in China, and the NEV penetration rate has climbed to 46%. The electrification of commercial vehicles has become an important increase, compounding the increase in the charging capacity of bicycles, which strongly supports the demand for power batteries. The energy storage market continues to be booming, and the scale of domestic tenders and tenders is growing steadily, and investors are diverse. The bank expects global energy storage battery shipments to jump from 530 GWh in 2025 to 1,343 GWh in 2028. Competition in the lithium battery industry shows a trend of concentration of leaders and second-tier rise. The company's market share is steadily increasing, compounding that the lithium battery industry has entered a cycle of improving supply and demand, opening up new space for corporate profit improvement.