Changes in Hong Kong stocks | The Ningde Era (03750) fell more than 4% in early trading, leading NEV companies collectively readjusted their power battery supply systems

The Zhitong Finance App learned that the Ningde Era (03750) fell by more than 4% in early trading, and the cumulative decline since September is close to 18%. As of press release, it decreased by 3.88% to HK$496, with a turnover of HK$479 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 the Financial Services Association, ideals are not an example. In recent years, many leading NEV companies, including Xiaomi and NIO, have been readjusting their power battery supply systems, which also highlights the trend of NEV companies speeding up the upstream expansion of the power battery industry chain.

J.P. Morgan Chase recently released a research report stating that market concerns have spread from a slowdown in demand growth in 2027 to overcapacity, declining utilization, and a new round of price competition. Recently, Xiaomi's supplier diversification strategy and the news that ideal cars are developing their own batteries have raised pessimism.