Stock Movement: CALB (03931) Falls Over 5% Amid Reports of Huawei's Smart Models Switching to CATL Batteries

Stock News
Oct 17

CALB (03931) has seen its stock price drop over 5%, currently down 5.49% at HKD 29.98, with a trading volume of HKD 111 million. According to reports from Blue Whale News, sources from Harmony Zhixing revealed that due to insufficient battery production capacity at CALB, some models of the Smart series will switch to a batch of 82 kWh batteries from CATL. Previously, these vehicles were equipped with CALB batteries of the same specifications. The performance, lifespan, and functionality of both brands of batteries meet Huawei's "Whale" battery platform standards, and the warranty policies remain consistent. Informants indicate that this move aims to expedite vehicle deliveries and ensure users benefit from the national tax exemption policy on purchases.

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