---
title: "Bank of America Securities: Expects CATL's domestic market share to rise quarter-on-quarter in the fourth quarter, reiterates target price of HKD 605"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264365297.md"
description: "Bank of America Securities released a research report stating that industry data shows CATL's battery installation capacity in China reached 35.5 GWh in September, a year-on-year increase of 46%. During the same period, its domestic market share was 42.2%, remaining flat year-on-year and slightly down 0.1 percentage points quarter-on-quarter. The international market share during this period was 35%, down 2 and 1 percentage points year-on-year and quarter-on-quarter respectively, ranking first in the world. The firm maintains a \"Buy\" rating on CATL, with a target price of HKD 605 for CATL's H shares and RMB 495 for CATL's A shares. CATL plans to produce 74.5 GWh in November, a year-on-year increase of 38% and a quarter-on-quarter increase of 1%. The firm believes the data is robust, reflecting the continued strong demand for electric vehicles and energy storage batteries, and expects the company's domestic market share in the fourth quarter to increase quarter-on-quarter, mainly due to the growth in the shipment volume of vehicle models that use CATL as the main battery supplier"
datetime: "2025-11-05T07:24:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264365297.md)
  - [en](https://longbridge.com/en/news/264365297.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264365297.md)
---

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# Bank of America Securities: Expects CATL's domestic market share to rise quarter-on-quarter in the fourth quarter, reiterates target price of HKD 605

According to the Zhitong Finance APP, Bank of America Securities released a research report stating that industry data shows CATL (03750) achieved a battery installation capacity of 35.5 GWh in China in September, a year-on-year increase of 46%. During the same period, the domestic market share was 42.2%, unchanged year-on-year, with a slight decrease of 0.1 percentage points quarter-on-quarter. The international market share during this period was 35%, down 2 and 1 percentage points year-on-year and quarter-on-quarter respectively, ranking first in the world. The bank maintains a "Buy" rating on CATL, with a target price of HKD 605 for CATL's H shares and a target price of RMB 495 for CATL's A shares (300750.SZ).

CATL plans to produce 74.5 GWh in November, a year-on-year increase of 38% and a quarter-on-quarter increase of 1%. The bank believes that the data is robust, reflecting the continued strong demand for electric vehicles and energy storage batteries, and expects the company's domestic market share in the fourth quarter to increase quarter-on-quarter, mainly due to the growth in the shipment volume of vehicle models that use CATL as the main battery supplier

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- [CATL (300750.CN)](https://longbridge.com/en/quote/300750.CN.md)
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