The solid-state battery sector experienced a short-term surge, with Penghui Energy rising over 10%. Other companies such as Jinlongyu, Nandu Power, Tianhong Lithium Battery, Guoxuan High-tech, Pylon Technologies, and Zhongyi Technology also saw significant increases.
According to Dongfang Caifu Choice Data, this uptick occurred during intraday trading on May 27 at 1:07 PM.
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Highlighted reading includes:
- He Lifeng: Welcoming U.S. financial institutions to actively participate in the development of China’s capital market.
- Favorable news is coming! A top-level design will be released for a 400 billion market, with institutions focusing on specific stocks.
- Insiders report that the Ministry of Commerce is enhancing the communication of rare earth export control policies, potentially indicating a relaxation of export restrictions on European chip companies.
- The three major U.S. stock indexes closed collectively down, with most major tech stocks also declining.
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Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/solid-state-battery-sector-surges-as-penghui-energy-rises-over-10/
