---
title: "Morgan Stanley gives CATL an \"Overweight\" rating as the sodium era arrives"
description: "Morgan Stanley has given CATL an \"Overweight\" rating with a target price of 490 RMB. The report points out that CATL is transitioning from lithium batteries to lower-cost sodium-ion batteries, marking"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/273454251.md"
published_at: "2026-01-23T02:24:47.000Z"
---

# Morgan Stanley gives CATL an "Overweight" rating as the sodium era arrives

> Morgan Stanley has given CATL an "Overweight" rating with a target price of 490 RMB. The report points out that CATL is transitioning from lithium batteries to lower-cost sodium-ion batteries, marking the arrival of the "Sodium Era." Although the current commercialization scale is limited, it is expected to reach cost parity with lithium iron phosphate batteries in the short term, with costs accelerating downwards within the next three years. Sodium-ion batteries are expected to make progress in the light truck and small vehicle sectors and show great potential in the energy storage system market

Morgan Stanley published a research report indicating that CATL (03750.HK) is strategically shifting from lithium batteries to cost-effective sodium-ion batteries. The firm believes that the release of sodium-ion products marks the arrival of the "sodium era," especially considering its "release and mass production" model.

The report states that with CATL's launch of light truck power system solutions, sodium-ion batteries are becoming a promising alternative to lithium batteries. Although the current commercialization scale is still limited, the company is expected to achieve cost parity with lithium iron phosphate batteries in the short term. As supply chain capacity increases over the next three years, the firm anticipates that the rate of cost reduction will accelerate, with prices potentially being more than 30% lower than lithium iron phosphate batteries when capacity reaches 100GWh.

In terms of market penetration, sodium-ion batteries are expected to make progress first in light trucks and small (A0 class) and micro (A00 class) passenger vehicles. In addition to automotive applications, the report also sees significant potential for sodium-ion technology to replace lithium iron phosphate batteries in the energy storage system market. Morgan Stanley believes that these characteristics make sodium-ion batteries a viable and economical alternative to lithium iron phosphate batteries in various application scenarios. Morgan Stanley has given CATL (300750.SZ) a "buy" rating for its A shares, with a target price of 490 RMB

### Related Stocks

- [300750.CN - CATL](https://longbridge.com/en/quote/300750.CN.md)
- [03750.HK - CATL](https://longbridge.com/en/quote/03750.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| CATL Issues 5 Billion Yuan in Green Tech Bonds | CATL Issues 5 Billion Yuan in Green Tech Bonds | [Link](https://longbridge.com/en/news/275548064.md) |
| 03:48 ET
			
			
				CATL and the Ellen Macarthur Foundation Set Direction for Circular EV Batteries with Landmark Whitepaper | CATL and the Ellen MacArthur Foundation have released a whitepaper titled "Leading The Charge" during the World Economic | [Link](https://longbridge.com/en/news/273579547.md) |
| UBS Reaffirms Their Buy Rating on Contemporary Amperex Technology Co., Limited Class H (3750) | UBS analyst David Lesne has reaffirmed a Buy rating on Contemporary Amperex Technology Co., Limited Class H (3750), sett | [Link](https://longbridge.com/en/news/275491719.md) |
| DBS Sticks to Its Buy Rating for Contemporary Amperex Technology Co., Limited Class H (3750) | In a report released today, from DBS maintained a Buy rating on Contemporary Amperex Technology Co., Limited Class H, wi | [Link](https://longbridge.com/en/news/272234372.md) |
| Long lfespan: CATL’s 5C battery designed to cover millions of kilometres | CATL has introduced its next-generation 5C batteries designed for ultra-fast charging, boasting a lifespan of 1.8 millio | [Link](https://longbridge.com/en/news/274510542.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.