HK Stock Market Move | Hainan Drinda New Energy Technology (02865) rose over 7% in the afternoon. Recently, the Chuzhou base has successfully launched TOPCon+ Perovskite Tandem Solar Cells.

Hainan Drinda New Energy Technology (02865) rose more than 7% in the afternoon, with a 7.51% increase as of the time of writing, at HK$16.73, with a turnover of HK$39.2796 million. On the news front, recently, Hainan Drinda New Energy Technology stated on its interactive platform that the company's perovskite battery is still in the research and development stage. The Chuzhou base has successfully produced the first industrialized TOPCon+ perovskite stacked battery recently, with dimensions of 210105mm. The company's perovskite team independently developed and completed the entire process, marking a crucial step in the industrialization validation of stacked batteries and possessing the ability to steadily produce in industrialized areas and ship in small batches. Guocert International pointed out that Hainan Drinda New Energy Technology has a TOPCon capacity of 44.4GW, with two production bases in China, in Chuzhou, Anhui and Huaian, Jiangsu, each with a capacity of 22.2GW. The Chuzhou base is one of the world's first to achieve large-scale production of TOPCon batteries. The company's production bases are highly efficient and intelligently automated. The company has the ability to quickly expand its production capacity, with the construction of the Chuzhou and Huaian production bases completed within 4-5 months. The existing production bases have technological renovation space to adapt to new technological routes. If TBC batteries are produced on a large scale in the future, the existing production lines can be transformed to produce TBC batteries, increasing investment returns.