The Zhitong Finance App learned that Penggao Holding Group (01865) rose more than 4%. As of press release, it had risen 4.16% to HK$2.255, with a turnover of HK$140 million.

According to the news, Penggao Holding Group announced that on November 10, 2026, the company signed a letter of intent to cooperate with Changzhou Qianmu New Energy Co., Ltd. on November 10, 2026. The collaboration will cover product development, business consulting services, marketing and technological innovation. The two sides plan to establish a joint venture in Shenzhen and invest in supramolecular (Shenzhen Co-crystal) new energy technology research and development, and develop diversified business cooperation based on this.

In the field of batteries, the two sides plan to jointly develop lithium metal battery products with high safety and high energy density for high-value special application scenarios such as drones, aerospace, and electric vertical take-off and landing vehicles (eVTOL); simultaneously promote the industrialization and export of deep eutectic flame retardant electrolyte technology to foreign countries; and jointly develop high-safety energy storage system solutions suitable for industrial and commercial scenarios.

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