CATL(SZ:300750) 智通财经网·2025-09-26 03:50Core Viewpoint - Morgan Stanley reports that CATL may launch NCM811 battery products next year, increasing the capacity of extended-range electric vehicle (EREV) batteries to 80kWh, up from the current range of 30 to 50kWh [1] Group 1: Product Development - CATL's new product is expected to enhance the driving range of EREV vehicles to over 600km, following the introduction of the Freevoy battery this year [1] - The new technology can integrate with the advanced NP3.0 (non-propagation) technology, improving 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 and reiterates an "overweight" rating for its Hong Kong shares [1] - The continuous iteration of CATL's products demonstrates the company's capability in providing better performance for power system solutions [1]