CATL(SZ:300750) news flash·2025-06-27 02:33Core Viewpoint - Goldman Sachs reports that CATL will benefit from the launch of Xiaomi's YU7, which will improve its product mix and maintain a buy rating [1] Group 1: Product Launch and Impact - Xiaomi officially launched the YU7 on June 26, featuring CATL's flagship high-end NCM battery (Kirin battery) in the YU7 Max version, while the standard and Pro versions are equipped with CATL's high-end LFP battery (Shenxing battery) [1] - The penetration rate of CATL's Kirin battery is expected to recover in the second half of the year with the introduction of new electric vehicle models like the Xiaomi YU7, alleviating the negative impact from the low-priced LFP battery penetration [1] Group 2: Sales Projections and Financial Outlook - Goldman Sachs maintains a target price of HKD 343 for CATL, estimating that CATL will supply approximately 31 GWh and 56 GWh of batteries to Xiaomi in 2025 and 2026, respectively, accounting for 5% and 7% of CATL's total sales [1] - The year-on-year growth for these sales is projected to be around 200% and 80%, with approximately 40% of the supplied batteries being Kirin batteries [1]