CATL(SZ:300750) Xin Lang Cai Jing·2025-09-26 03:40Core Viewpoint - Morgan Stanley reports that CATL may launch NCM811 battery products next year, increasing EREV battery capacity to 80kWh, up from the current 30-50kWh [1] Group 1: Product Development - CATL has not yet confirmed the news regarding the new battery product [1] - The new product is expected to enhance the range of electric vehicles to over 600km, following the introduction of the Freevoy battery this year [1] - The new technology may integrate with the advanced NP3.0 (non-propagation) technology to improve safety and longevity, thereby increasing cycle life [1] Group 2: Market Position and Ratings - Morgan Stanley views this development as evidence of CATL's capability in power system solutions, highlighting the company's continuous iteration for better performance [1] - Morgan Stanley maintains an "Overweight" rating for CATL's A-shares with a target price of 425 yuan, and also gives an "Overweight" rating for its Hong Kong shares [1]