CATL Once Up 5%+; JPM: Strategic Investment in VNET Advances AIDC Energy Storage Ecosystem
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CATLsaw a peak increase of 5.1% today, trading at HKD686, up 1.93%. JP Morgan highlighted CATL's strategic investment in VNET Group, acquiring up to a 38.1% stake for approximately USD942 million, as part of its AIDC energy storage ecosystem strategy. The broker set a target price of HKD725 for CATL's H shares and rated it Overweight. Short selling data indicates a ratio of 19.068% with a total of $468.73M.
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