CATL(SZ:300750) Zhi Tong Cai Jing·2025-09-26 03:49Core Viewpoint - Morgan Stanley reports that CATL (Contemporary Amperex Technology Co., Limited) may launch NCM811 battery packs next year, increasing the capacity of extended-range electric vehicle (EREV) batteries to 80 kWh, up from the current range of 30 to 50 kWh [1] Group 1: Product Development - CATL is expected to enhance its EREV market offerings with the new battery product, potentially improving vehicle range to over 600 km [1] - The new technology can integrate with the advanced NP3.0 (non-propagation) technology, enhancing safety and longevity, thereby increasing cycle life [1] Group 2: Market Positioning - Morgan Stanley maintains a target price of 425 RMB for CATL's A-shares (300750.SZ) and reiterates an "overweight" rating for its Hong Kong shares [1] - The introduction of the new product is seen as a demonstration of CATL's capabilities in providing power system solutions, showcasing the company's continuous innovation [1]