28 January 2026 Equity Research Report CATL (300750 CH/3750 HK) A/H: Buy/Buy: Navigate raw material price volatility China Disclosures & Disclaimer This report must be read with the disclosures and the analyst certifications in the Disclosure appendix, and with the Disclaimer, which forms part of it. Automobiles | A: MAINTAIN BUY | | | --- | --- | | TARGET PRICE (CNY) | PREVIOUS TARGET (CNY) | | 450.00 | 450.00 | | SHARE PRICE (CNY) | UPSIDE/DOWNSIDE | | 339.40 | +32.6% | | (as of 27 Jan 2026) | | | H: MAIN ...