电池市场份额
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美银证券:料宁德时代第四季国内市场份额按季升 重申目标价605港元
Zhi Tong Cai Jing· 2025-11-05 07:29
Core Viewpoint - Bank of America Securities reports that CATL (300750)(03750) achieved a battery installation volume of 35.5 GWh in China in September, representing a year-on-year increase of 46% [1] Group 1: Market Performance - CATL's domestic market share in September was 42.2%, remaining stable year-on-year but slightly down by 0.1 percentage points quarter-on-quarter [1] - The international market share for CATL was 35%, showing declines of 2 percentage points year-on-year and 1 percentage point quarter-on-quarter, maintaining the top global ranking [1] Group 2: Future Projections - CATL plans to produce 74.5 GWh in November, which is a year-on-year increase of 38% and a quarter-on-quarter increase of 1% [1] - The data reflects strong ongoing demand for electric vehicles and energy storage batteries, with expectations for an increase in domestic market share in Q4 due to rising shipment volumes of vehicles using CATL as a primary battery supplier [1] Group 3: Investment Rating - Bank of America maintains a "Buy" rating for CATL, setting a target price of HKD 605 for H-shares and CNY 495 for A-shares [1]