Jefferies：看好宁德时代A股，LG新能源订单料不会构成威胁

Core Viewpoint - Jefferies reports that CATL's A and H shares declined due to LG Energy Solution reportedly receiving orders for Tesla's lithium iron phosphate (LFP) batteries, but believes CATL still holds a 6-8 year technological advantage in this field [1] Summary by Category Company Performance - CATL's A shares are currently viewed more favorably, with an expected upside of 35% [1] - The premium of CATL's H shares over A shares exceeds 40%, which is expected to be unsustainable in the medium term [1] Market Dynamics - The lock-up period for CATL's H shares lasts until November 2025, after which some cornerstone investors may take profits, leading to a convergence of the premium [1]