CATL(SZ:300750) Zhi Tong Cai Jing·2025-09-25 03:18Core Viewpoint - CATL (宁德时代) shares rose over 4%, reaching a new high of 528.5 HKD, driven by strong demand in the electric vehicle and energy storage system markets [1] Group 1: Stock Performance - CATL's stock increased by 4.35%, trading at 528 HKD with a transaction volume of 750 million HKD [1] Group 2: Analyst Upgrades - Citic Securities raised CATL's H-share target price by 25.2%, from 535 HKD to 670 HKD [1] - The upgrade is based on discussions at the 2025 World Energy Storage Conference, highlighting full production capacity and strong demand, particularly in the overseas ESS market [1] Group 3: Earnings Forecast - The earnings per share forecast for 2026 and 2027 has been increased by 9%, primarily due to a 10% upward revision in battery shipment projections [1] Group 4: Product Development - CATL is set to launch a new 8-series high-nickel battery next year, which will be used in range-extended vehicles from leading new energy vehicle manufacturers [1] - CATL maintains its leading position in the power battery and energy storage battery sectors, being one of the battery suppliers for Chery Automobile, which recently listed on the Hong Kong Stock Exchange [1]