CATL(SZ:300750) Ge Long Hui A P P·2025-11-05 05:40Group 1 - The core viewpoint of the report indicates that CATL's battery installation volume in China reached 35.5 GWh in September, representing a year-on-year growth of 46% [1] - CATL's domestic market share during the same period was 42.2%, remaining stable year-on-year [1] - The company plans to produce 74.5 GWh in November, which is a year-on-year increase of 38% and a month-on-month increase of 1% [1] Group 2 - The report suggests that the data reflects strong and sustained demand for electric vehicles and energy storage batteries [1] - It is anticipated that CATL's domestic market share will increase quarter-on-quarter in Q4, primarily due to the growth in the shipment volume of vehicles that use CATL as a main battery supplier [1] - The firm maintains a "Buy" rating for CATL, with a target price of HKD 605 for H-shares and CNY 495 for A-shares [1]