Core Viewpoint - Citigroup's report indicates that CATL's production for electric vehicles and energy storage systems (ESS) is currently at full capacity, driven by strong demand, particularly in the overseas ESS market [1] Financial Projections - The bank has raised its earnings per share (EPS) forecasts for CATL by 9% for both 2026 and 2027, based on an assumption of a 10% increase in battery shipments during that period [1] Target Price Adjustment - Citigroup has adjusted its target prices for CATL's A and H shares, increasing them from 390 CNY and 535 HKD to 490 CNY and 670 HKD respectively, while maintaining a "outperform" rating [1]