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<Research> BofAS: CATL (03750.HK) Showcases Multiple Breakthroughs at Tech Day, Reiterates Buy
Recommend 13 Positive 16 Negative 10 |
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BofAS issued a research report stating that CATL (03750.HK) held its 2026 Tech Day yesterday (21st), unveiling a series of breakthrough battery technologies, including ultra-fast charging batteries, condensed-state batteries and sodium-ion batteries. The broker believes CATL leads peers across multiple new technologies, particularly in sodium-ion batteries, which are expected to begin mass production in 4Q26. The broker noted that the third-generation Shenxing supercharging battery (LFP) achieves an effective charging rate of 10C, with a peak rate of 15C, enabling the battery level to rise from 10% to 35% within 60 seconds. Under low-temperature conditions of minus 30 degrees Celsius, it can charge from 20% to 98% within nine minutes. The Kirin III battery (NCM) delivers an energy density of 280Wh/kg and is 255 kilograms lighter than LFP batteries of the same capacity, helping enhance vehicle acceleration and braking performance. The Kirin condensed-state battery achieves an energy density of 350Wh/kg, enabling flagship sedans to reach a driving range of 1,500 kilometers. The second-generation Freevoy extended-range battery has an energy density of 230Wh/kg, supports a 10C charging rate and provides a pure electric range of 500 to 600 kilometers. BofAS said CATL aims to build 4,000 battery charging and swapping stations by the end of 2026, and to increase the number to 100,000 by the end of 2028 in collaboration with partners. The broker maintained its Buy rating on CATL H-shares and CATL (300750.SZ) A-shares, with a TP of HKD740 for the H-shares and RMB606 for the A-shares. (ec/da) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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