BUSINESS

China Battery Stocks Surge as Regulators Target Price Wars

Published: Apr. 10, 2026 11:31 p.m. GMT+8

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Battery casing workshop at Gotion High-tech’s Feidong base in Hefei, Anhui province. Photo: VCG

Chinese lithium battery stocks rallied Friday after four government ministries pledged to crack down on price wars and excessive competition, highlighting Beijing’s push to rein in overcapacity and stabilize prices.

Shares of major manufacturers, including industry leader Contemporary Amperex Technology Co. Ltd. (CATL) and Sunwoda Electronic Co. Ltd., surged after a government symposium held Thursday to address market disorder.

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Chinese lithium battery stocks rallied April 10: Sunwoda +14.7%, CATL +6.7%, peers hit limits.
Four ministries pledged capacity warnings, price regulation, IP crackdown after Thursday symposium.
Third meeting since Nov 2025; 2025 1h LFP bid price fell 30% to 0.7 yuan/Wh.

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Who’s Who

Contemporary Amperex Technology Co. Limited: Contemporary Amperex Technology Co. Limited (CATL), the industry leader in lithium batteries, saw its shares rise 6.7% on April 10 amid a rally in Chinese battery stocks. The surge followed a government symposium by four ministries pledging to curb price wars, excessive competition, and overcapacity to stabilize the market.

Sunwoda Electronic Co. Ltd.: Sunwoda Electronic Co. Ltd. (欣旺达电子股份有限公司) shares surged 14.7% on April 10 after a government symposium by four ministries to curb price wars and excessive competition in China's lithium battery sector.

Gotion High-tech Co. Ltd.: Gotion High-tech Co. Ltd. shares hit the daily trading limit on April 10, rallying alongside peers after four government ministries pledged to curb price wars, excessive competition, and overcapacity in China's lithium battery industry.

Tibet Mineral Development Co. Ltd.: Xizang Mineral Development Co. Ltd., a peer lithium battery manufacturer, hit its daily trading limit on April 10, following a government symposium by four ministries to curb price wars and excessive competition.

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