On June 5th, Xindanew Material and Shanghai Putailai New Energy Technology approached the limit-up, Hunan Zhongke Electric, Hunan Yuneng, and other companies followed the trend. Huaxin Securities research report stated that the policy of replacing old with new for power batteries has promoted demand elasticity on the demand side. Some companies on the supply side have begun to reduce capital expenditures, and the supply and demand structure is marginally optimized. The industry chain's profits are expected to improve quarter by quarter in 2024, and the valuation may recover.
A股锂电池板块拉升 负极方向领涨
Lithium battery sector of A-share boosted, with cathode leading the rise.
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