CATL(SZ:300750) Zhi Tong Cai Jing·2025-09-19 06:14Core Viewpoint - The report from Credit Lyonnais indicates strong demand for CATL's electric vehicle and energy storage system (ESS) production, which is currently operating at full capacity, particularly in the overseas ESS market [1] Group 1: Company Performance - CATL's battery shipment volume is expected to increase by 10% in 2026 and 2027, leading to a 9% upward revision in the earnings per share forecast for those years [1] - The target prices for CATL's A and H shares have been raised to 490 RMB and 670 HKD, respectively, from previous targets of 390 RMB and 535 HKD [1] Group 2: Market Outlook - The strong demand in the overseas ESS market is a significant factor contributing to CATL's robust production capacity [1] - The overall market sentiment remains positive, with a reaffirmation of the outperform rating for CATL [1]