Rept Battero's Hong Kong-traded shares were included in the Mainland-Hong Kong stock connect mechanism, effective March 4.
Hong Kong-traded shares of Rept Battero Energy (HKG: 0666), a power battery maker backed by Chinese stainless steel and nickel giant Tsingshan Industry, surged in early trading on Monday.
At press time, Rept was up 42.43 percent to HK$19.2. On Friday, the stock fell 9.77 percent to HK$13.48.
Earlier this month, the Shanghai Stock Exchange and Shenzhen Stock Exchange announced that Rept was added to the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect lists, effective March 4.
Rept was founded in October 2017 and began mass production and delivery of lithium-ion batteries in April 2019.
The company was listed on the main board of the Hong Kong Stock Exchange on December 18, 2023, under the stock code 0666.
Rept's current market capitalization is HK$43.4 billion, above CALB's HK$21.7 billion.
