LOPAL TECH (02465) rose more than 3% in Hong Kong trading. At the time of writing, the stock was up 3.58% to HK$11.27, with a turnover of HK$32.06 million. The increase follows news that the company's subsidiary, Liyuan Technology, has signed a strategic cooperation agreement with Fanalite. The partnership will focus on the lithium iron phosphate (LFP) technology route and involve deep collaboration on new energy heavy-duty truck projects. A dedicated joint team will be established to build a combined "material + electrolyte" research, development, and application system. Liyuan Technology stated that both parties will use the heavy-duty truck project as a starting point to continue deepening technological innovation and scenario applications for the LFP route. The new energy heavy-duty truck sector, which is the focus of this cooperation, is currently in a phase of rapid development. Vehicle registration data shows that cumulative sales of new energy heavy-duty trucks in China reached 231,100 units in 2025, a significant increase of 182% year-on-year, far exceeding the overall growth rate of new energy commercial vehicles. Sales in December alone reached 45,300 units, setting a new monthly record. Industry experts believe that with declining costs, technological advancements, and improvements in charging infrastructure, new energy heavy-duty trucks will gradually expand from short-distance transport scenarios to medium- and long-haul logistics, indicating substantial potential for future growth.