Ge Long Hui·2026-01-06 03:21Core Viewpoint - The collaboration between Siyuan Electric and CATL aims to enhance Siyuan's energy storage system business, targeting a cooperation volume of 50 GWh, which could generate approximately 20 billion yuan in annual revenue if fully realized [1] Group 1: Siyuan Electric - Siyuan Electric has signed a three-year memorandum of understanding for energy storage cooperation with CATL [1] - The company is looking to expand its energy storage system business, with its current market share steadily increasing [1] - Siyuan Electric's relationships with grid and renewable energy operators facilitate cross-selling of power equipment and energy storage solutions [1] Group 2: CATL - For CATL, the scale of this contract is not particularly significant compared to its overall business volume [1] - The partnership with Siyuan Electric is expected to further solidify CATL's position in the energy storage market [1] Group 3: Financial Projections - Morgan Stanley has set a target price of 180 yuan for Siyuan Electric and 650 HKD for CATL's H-shares, as well as 520 yuan for its A-shares, all with a "buy" rating [1]