Changes in Hong Kong stocks | China Airlines (03931) rose more than 7%, car companies accelerated their binding to second-tier battery manufacturers and continued optimization of customer structures

The Zhitong Finance App learned that China Airlines (03931) rose by more than 7%. As of press release, it had risen 6.51% to HK$17.5, with a turnover of HK$996.25 million.

According to the news, recently, Ideal Auto and Xiaomi Auto's acceleration ties with second-tier battery manufacturers have become a hot topic of discussion in the market. All of the Pengcheng series extended-range SUVs launched by Xiaomi on September 7 do not use Ningde Era batteries. Among them, China Airlines is responsible for the 76kWh ternary lithium batteries for the N70 Max and N90 Max. On September 4, Xiaomi Motor announced that it had reached a strategic cooperation with China Airlines and Sunwoda around the self-developed Longjia battery. In September, Ideal Auto also introduced China Airlines as the third power battery supplier.

In the first half of this year, China Airlines achieved operating revenue of 27.084 billion yuan, an increase of 65% over the previous year, and realized net profit of 935 million yuan, a sharp increase of 100.7% over the previous year. In the first half of the year, the power battery business revenue was 16.506 billion yuan, an increase of 54.8% over the previous year. In the passenger car sector, the company not only deepened cooperation with existing customers such as Xiaopeng, but also successfully launched mass production support with Xiaomi Motors and entered the Huawei Juwhale battery platform supply system. The customer structure continues to be optimized.