ZENERGY (03677) rose more than 5% in Hong Kong trading. At the time of writing, the stock was up 4.67% to HK$9.19, with a turnover of HK$15.19 million.
The catalyst for the move was recent data from the China Automotive Power Battery Industry Innovation Alliance. In January 2026, domestic power battery installations reached 42.0 GWh, down 57.2% month-on-month but up 8.4% year-on-year. Within this total, ternary battery installations were 9.4 GWh, accounting for 22.3% of the total. This represented a monthly decline of 48.6% but an annual increase of 9.6%. Lithium iron phosphate (LFP) battery installations were 32.7 GWh, making up 77.7% of the total, with a monthly decrease of 59.1% and an annual increase of 8.1%.
Industrial Securities highlighted that ZENERGY has expanded its production capacity and enhanced its product portfolio through a series of mergers, acquisitions, and independent development. The company now focuses on power lithium batteries for passenger vehicles while also developing technologies and products for land, sea, and air applications across multiple chemical systems.
According to the China Automotive Power Battery Industry Innovation Alliance, ZENERGY's domestic installed capacity of power batteries for new energy passenger vehicles increased by 62% year-on-year to 15.67 GWh in 2025. Its market share rose by 0.57 percentage points to 2.58%, ranking seventh in China.