ChiNext up over 2%, CATL gains over 4%, battery, solar equipment, and silicone sectors lead gains

ChiNext up over 2%, CATL gains over 4%, battery, solar equipment, and silicone sectors lead gains

In a notable development, the ChiNext index surged by over 2% today, with CATL leading the charge with a gain of over 4%. The performance was largely driven by significant advancements in the battery, solar equipment, and silicone sectors. These gains reflect the broader trends in renewable energy and clean technology markets.

The approval of 13 large-scale solar projects in Malaysia, totaling 1,975 MW, underscores the growing commitment to renewable energy. The fifth round of Malaysia's large-scale solar program approved projects with a total capacity of 1,975 MW, including a 200 MW floating solar project [1]. This approval is part of Malaysia's broader strategy to achieve a 40% renewable energy share in its national energy mix by 2040.

In parallel, the global high-voltage battery market is experiencing robust growth. Precedence Research projects that the market will reach nearly USD 523.90 billion by 2034, expanding at a CAGR of 33.60% from 2025 to 2034 [2]. This growth is driven by increasing adoption of electric vehicles and the integration of renewable energy sources. Asia Pacific, particularly China and India, is expected to lead this growth, with China's 14th Five-Year Plan emphasizing battery innovation and energy storage.

These developments highlight the potential for significant gains in the renewable energy and battery sectors. As investors and financial professionals, it is crucial to monitor these trends and consider the impact on related industries and stock markets.

References:

[1] https://www.pv-magazine.com/2025/09/03/malaysia-approves-2-gw-of-large-scale-solar/
[2] https://finance.yahoo.com/news/high-voltage-battery-market-size-121700258.html