Changes in Hong Kong stocks | The Ningde Era (03750) fell by more than 4%, and car companies adjusted the battery supply system, Citi said the market was too concerned about battery demand

The Zhitong Finance App learned that the Ningde Era (03750) fell by more than 4%, with a cumulative decline of more than 18% during the month. As of press release, it decreased by 3.58% to HK$493.2, with a turnover of HK$815 million.

According to the news, on September 4, Sunwoda issued an announcement stating that Ideal Auto plans to increase Sunwoda Motor's capital by 2.65 billion yuan. A few days later, Ideal Auto published another article announcing that subsequent self-developed batteries will be fully installed in all Ideal models. According to reports, in recent years, many leading NEV companies, including Xiaomi and NIO, have been readjusting their power battery supply systems. According to third-party installed data estimates, Ideal and Xiaomi together accounted for about 13.6% of domestic installed capacity during the Ningde era.

Citi released a research report saying that due to concerns about battery demand in 2027, Ningde Era and lithium carbonate-related stocks have recently been sold off. It is believed that the market has overpriced the weak expectations and is a bit excessive. Optimistic about Ningde Era A shares based on valuation appeal, as well as second-tier players who are gaining market share. The report points out that the recent sell-off in the Ningde era was mainly due to concerns about oversupply of batteries and worsening competition.