Mingteng shares surge 10.19% intraday after completing 50% mold production capacity upgrade and deepening NEV collaborations.

Mingteng International (NASDAQ:MTEN) surged 10.19% during intraday trading, driven by a series of positive announcements on January 14, 2026. The company announced the completion of a 50% capacity upgrade for mold production, enhancing growth potential. Concurrently, it secured $16.5 million through ATM share sales, signaling strong investor confidence in its capital-raising strategy. Additionally, Mingteng deepened strategic collaborations with leading New Energy Vehicle (NEV) suppliers in China, positioning itself to capitalize on the expanding EV sector. These developments, particularly the production capacity expansion and sector-specific partnerships, directly aligned with the stock’s sharp intraday rally, reflecting optimism about its operational scalability and market positioning in high-growth industries.