In "The Big Banks," China International Capital Corporation (CICC) initiates coverage on CATL with an "Outperform Industry" rating and a target price of 580 yuan

The report published in China covers CATL (03750.HK) for the first time and gives it an "Outperform Industry" rating, with a target price of HKD 580 for CATL's H shares, while maintaining a target price of RMB 445 for CATL's A shares.

The report indicates that CATL is in a leading position in terms of the enormous growth potential in expanding overseas markets. As new applications continue to emerge, the demand for lithium batteries is consistently expanding. The company possesses deep competitive advantages and profitability that far exceed its peers, and it leads the industry in technological advancements. The firm forecasts earnings per share of RMB 15.27 for 2025 and RMB 19.74 for 2026, implying a compound annual growth rate of 31.6% from 2024 to 2026