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<Research>Citi: CATL (03750.HK)'s Sector Leading Product Performance Expected to Gain Mkt Shr
Recommend 9 Positive 12 Negative 8 |
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CATL (03750.HK) held its Tech Day yesterday (21st), and launched its third-generation Shenxing superfast-charging battery, with an average charging rate of 10C and a peak rate of 15C, Citi Research issued a research report saying. The third-generation Qilin battery weighs 625kg and has an energy density of 280Wh/kg. Citi Research believed that the event demonstrates that CATL has once again raised the threshold of the EV battery industry, with leading performance metrics across the product platforms. The broker believed that this will help the Company gain market share. Therefore, Citi Research kept CATL's A-shares as its top pick, with a target price of RMB576 and rating at Buy. Auto-translated by AI AASTOCKS Financial News |
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