JPM: CATL Sodium-ion Batteries Competitive, Maintains Overweight Rating

AASTOCKS News
2026.05.05 04:03
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JPMorgan's research indicates that the AI data center energy storage market is rapidly growing, with US electricity demand expected to nearly double by 2030. CATL is recognized as a leader in sodium-ion batteries, having secured a 60GWh order with Hyperstrong. The bank maintains an Overweight rating on CATL's Hong Kong shares and Contemporary Amperex A-shares, highlighting CATL's dominance in China's energy storage sector.