China Stock of the Day | Kabutaro & Friends

Gotion High-Tech <002074>, a lithium-ion battery maker based in Hefei, Anhui Province, was the Chinese stock most talked about online on September 29, 2026.
Background: On September 29, the stock hit its daily limit about eight minutes after the open and stayed locked at 28.68 yuan, with more than 1 million lots of unfilled buy orders at the limit price. Its market capitalization is about 52 billion yuan. There were two catalysts. The first was an announcement after the close on September 28 that the company plans to set up three joint ventures with Volkswagen Group in Spain, Slovakia, and Morocco to build production bases for lithium-ion batteries and cathode materials. Total investment is about 3.222 billion euros (about 24.6 billion yuan), of which the company will contribute about 1.598 billion euros. The second was the "15th Five-Year Plan for the Development of the New-Type Battery Industry," released on September 28 by seven departments including the Ministry of Industry and Information Technology, which aims for the initial large-scale application of all-solid-state batteries by 2030, sending battery-related stocks higher across the board.