Alibaba, Chery, and others are turning their attention to controlled nuclear fusion. Jin Hong Gas rapidly surged in the afternoon, rising over 7%.

NightAirdropper · 2026-03-27T13:20:37+00:00

On March 27, the stocks related to controlled nuclear fusion generally rose, with Jin Hong Gas increasing by over 7%. Nova Fusion added Alibaba and SAIC among its shareholders, focusing on the development of small-scale nuclear fusion devices. It is expected that China's fusion industry will accelerate its development by 2026. Guosheng Securities pointed out that order bidding will increase fivefold, while Everbright Securities believes that the fusion industry has strong certainty and recommends paying attention to relevant key projects and companies.

NightAirdropper

2026-03-27 13:20:37

Abstract generation in progress

On March 27, controlled nuclear fusion continued to rise in the afternoon. As of the time of writing, constituent stock Jinhong Gas (688106.SH) rose over 7%, while Hangyang Co., Ltd. (002430.SZ), Pangya Micro-Permeability (688386.SH), PetroChina Capital (000617.SZ), and Aikesai Bo (688719.SH) increased by over 4%. Stocks like Far East Holdings (600869.SH), Xizhuang Co., Ltd. (001332.SZ), Jiangsu Shentong (002438.SZ), and Juguang Technology (688167.SH) also followed suit.

In terms of news, Qichacha shows that recently, Nova Fusion Energy Technology (Shanghai) Co., Ltd. underwent a business change, adding Alibaba (BABA.US) subsidiary Hangzhou Haoyue Enterprise Management Co., Ltd. and SAIC’s Henan Shangqi Huirong Shangcheng No. 1 Industrial Fund Partnership (Limited Partnership) as shareholders. Public information indicates that the company focuses on the development of small, distributed, modular nuclear fusion devices. Additionally, recently Chery Automobile (09973.HK) Chairman Yin Tongyue disclosed that Chery will strategically layout controlled nuclear fusion technology, exploring ultimate clean energy in the direction of a “man-made sun.”

Guosheng Securities noted that by 2026, China’s fusion industry is expected to accelerate its development beyond expectations, with the total amount of orders for various nuclear fusion projects likely to see a fivefold increase. The 14th Five-Year Plan will be a golden period for the tendering of orders in China’s nuclear fusion, propelling the accelerated advancement of this future industry, which will yield a group of pillar companies that disrupt the energy landscape.

Everbright Securities’ research report pointed out that we believe the development of the fusion industry has a strong level of certainty. The progress of several domestic projects in 2026 is worth looking forward to, and the technical routes are diverse. It is recommended to pay attention to the progress of key projects such as BEST, CFEDR, Spark One, and Chengdu projects, and to be optimistic about companies with a chain leader position, as well as those positioned in high-value, high-barrier segments.

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