UB-CATL@EC2612B

Morgan Stanley Raises Outlook and Price Target for CATL's Battery Technology

UBS Raises Target Price for CATL to HKD 820

CATL Issues New Shares to Fund Global New Energy Projects

CATL sets share placing price at lower end of indicative range in Hong Kong

CATL Signs Sodium-Ion Battery Supply Contract

Morgan Stanley Increased Its Stake in CATL to 5.18%

CATL aims to raise $5 billion through placement in Hong Kong

Erdos Times Qiji New Energy Technology, a wholly-owned subsidiary of Contemporary Amperex Technology, is established

Major shareholder of NIO Times reduces shareholding by 58 million shares via auction

CATL Fully Holds the Newly Established Gutian Times New Energy Technology Co., Ltd

CIB Maintains BUY Rating on CATL

JPMorgan Cuts Stake in CATL's H-shares

CATL Emphasizes Superiority of NCM Batteries in High-end Market and Technology

CLSA Raises Target Price and Rating on CATL

CATL Q1 2026 Earnings Beat Estimates: Surging Energy Storage and Overseas Businesses

CATL to Deploy Sodium-ion Batteries in Battery Swap Stations and Large-scale Energy Storage Systems

CATL Unveils Solid-State Battery, Attracts Interest from Multiple Automakers

Sinopec sells 8.5 million H-shares of CATL

CATL Unveils Multiple New Technologies and Products

CATL Launches Flagship Qilin Battery and Upgraded Shenxing Battery

CONTEL

ISDN HOLDINGS

APEX ACE HLDG

MOST KWAI CHUNG

SHANGSHAN GOLD

NICHE-TECH SEMI

RIZHAO PORT JR

WKK INTL (HOLD)

HINGTEX HLDGS

RICH GOLDMAN

03750

300750

Reuters

CATL

China stocks flat, Hong Kong drops as markets struggle for direction

Contemporary Amperex Technology Ltd (CATL) has signed a significant supply contract to deliver 60 GWh of sodium-ion batteries to Beijing HyperStrong Technology over three years. This landmark deal marks a major step in the commercialization of sodium-ion batteries, which are cheaper to produce than lithium-ion batteries. The agreement is seen as a pivotal moment for the energy-storage system (ESS) industry, potentially reducing costs and improving manufacturing efficiency. CATL aims to mass-produce these batteries for electric vehicles by the fourth quarter of this year, further solidifying its position in the global ESS market.

SCMP

HyperStrong

DeepSeek

GOTION

CHANGAN AUTOMOBILE

CATL HK SDR 30to1

China’s CATL touts landmark energy-storage order for sodium-ion batteries

Chinese electric vehicle battery maker CATL raised US$5 billion in Hong Kong, capitalizing on strong investor interest in green energy amid rising oil prices due to the Iran war. The fundraising, the largest in Hong Kong this year, involved pricing 62.4 million new H shares at HK$628.20 each. Analysts view the timing as opportunistic, with CATL's shares having surged 137% since its May 2025 listing. Proceeds will support global expansion, zero-carbon initiatives, and R&D.

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Tesla

Bayerische Motoren Werke AG

BAYERISCHE MOTOREN WERKE AG ADR EACH REPR 0.33333 SHS SPONSORED

Volkswagen AG Pref

Volkswagen

XIAOMI-W

NIO Inc

NIO-SW

Sinopec Corp.

SINOPEC CORP

Bayerische Motoren Werke AG Pref

Volkswagen AG

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

NIO Inc. USD OV

Chinese EV battery maker CATL rides green energy wave to raise US$5 billion in Hong Kong

Advancements in sodium-ion batteries from companies like CATL and BYD may enable electric ships to achieve cost parity with diesel fuel. CATL anticipates oceanic electric ships could be feasible within three years, with sodium-ion batteries projected to cost $20/kWh. A study calculates that a 5,000 TEU Panamax container ship would require approximately 2.00 GWh of energy for a transatlantic journey. Sodium-ion batteries offer advantages such as passive cooling and high cycle life, making them suitable for marine applications. The technology could revolutionize the shipping industry by reducing reliance on fossil fuels.

cleantechnica

BYD COMPANY

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

Will Sodium-Ion Batteries Revolutionize Electric Ships?

CLSA reports that CATLis raising nearly USD5 billion through a share placement at a 7% discount. The firm maintains a High-Conviction Outperform rating on CATL with a target price of HKD820. CLSA believes this placement will alleviate market concerns regarding timing and expects share dilution to be under 2%, anticipating a positive market reaction.

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CLSA: CATL  to Raise USD5B via 7% Discounted Placement; Expects Positive Market Reaction

CATL has successfully completed a $5 billion share placement in Hong Kong, marking the largest offering this year. The shares were sold at a 7% discount, attracting strong demand from over 150 institutions. Proceeds will fund global capacity expansion, zero-carbon business development, and R&D. Despite a robust quarterly profit of $3.04 billion, CATL's shares fell about 7% in early trading following the announcement.

CnEVPost

CATL taps Hong Kong market for $5 billion to fund global capacity expansion

CATL (3750.HK) has recently shown a trend of phase adjustment, with the MACD indicator displaying a clear death cross signal, indicating an increase in bearish strength in the short term. At the same time, the stock price is operating below multiple short-term moving averages, and market selling pressure is gradually emerging. This technical pattern may further extend the adjustment trend, and it is recommended that investors closely monitor its strategic planning and the dynamics of the global new energy market to capture potential trading opportunities or hedging signals

Chart Signals

Market Analysis | CATL (3750.HK) Short-term Technical Indicators Show Weakness

CATL plans to raise USD5 billion through a share placement at a discount of 3.5% to 7% from its current closing price of HKD675.5. The share price range for the placement is HKD628.2 to HKD651.8. The funds will be allocated for global capacity expansion, zero-carbon business development, R&D investment, working capital, and other corporate purposes. The placement is arranged by BofAS, CICC, JPM, and M Stanley.

Bank of America

CICC

JPMorgan Chase

Morgan Stanley

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

CATL  Said to Place Shares at ~3.5%-7% Discount to Raise USD5B

CATL and Hithium have signed a strategic cooperation agreement for sodium-ion battery energy storage, marking the largest sodium-ion battery order globally with a commitment of 60GWh over three years. This agreement signifies CATL's success in overcoming challenges in the mass production of sodium-ion batteries, with large-scale production expected to begin by the end of this year. The cooperation is seen as a significant milestone for both companies.

CATL  Signs Sodium-ion Energy Storage Cooperation Agreement with Hithium

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$BYD COMPANY(01211.HK)$CATL(03750.HK)BYD vs. CATL: A Strategic Face-Off 🚗🔋Choosing between BYD and CATL requires a cautious look at two different roles in the EV ecosystem. It is important to note that both are the world’s leading global EV battery producers, collectively controlling over 50% of the global market. Here is a brief critical analysis for investors.🔷IntroductionBYD is a vertically integrated giant selling both EVs and batteries while CATL is the world’s dominant battery supplier. One bets on the finished product and the other on the essential component.🔷Fundamentals🟢BYD: Shows explosive revenue growth and scale. Its integration allows better cost control during price wars. However, lower hardware margins and high CAPEX are constant pressures. Valuation (P/E) often looks more attractive than pure-play tech, but it faces rising protectionism in export markets.🟢CATL: Boasts superior profitability (ROE) and a massive global market share ( approximately 36%). It acts as the “arms dealer” to everyone🤭. It has a strong balance sheet but faces “overcapacity” concerns and increasing competition from smaller rivals eating into its premium.🔷Analyst ViewsAnalysts remain constructive but wary. For BYD, the focus is on whether international expansion can offset slowing domestic demand. For CATL, the primary concern is the “de-risking” trend in the US and Europe which may limit its growth ceiling despite its technological lead.🔷The Verdict🟢Growth: BYD offers higher potential in vehicle volume but CATL offers steadier, higher-margin growth in energy storage.🟢Valuation: BYD appears “cheaper” on a trailing basis but CATL’s dominance often justifies a premium.🔷The VerdictBYD is for those betting on EV brand dominance and CATL is for those seeking a safer, diversified play on the energy transition. Proceed with caution regarding geopolitical shift.Not finance advice. Do your DD😁.

Today’s Key News Recap

Apr 22 | Dolphin Research Key Watch:🐬 Macro/Sector 1) Trump said the U.S. will extend the ceasefire because of 'serious internal divisions' in Iran, until Tehran presents a unified negotiating plan and concludes talks.This should ease near-term Middle East tensions, supporting more stable oil prices and risk assets. However, core U.S.-Iran differences remain, Iran's stance is still tough, and talks face high uncertainty, so geopolitics risks are not fully cleared.🐬 Stocks 1、$CATL(03750.HK) CATL's 'Super Tech Day' unveiled the 3rd-gen 'Shenxing' ultra-fast charging battery. It delivers 10C-equivalent charging with up to 15C peak rate...

BIDU-SW

Baidu

BIDU-SWR

BIDU ADR US

BABA-W

BABA-WR

Alibaba HK SDR 5to1

Alibaba

Huawei

Goertek

SERES

Baidu HK SDR 10to1

CATL's new battery charges to 100% in 6 min; BABA unveils AI digital human 'Qwen Dimples' | Daily News Recap

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: CATL Signals Breakthroughs in Sodium Batteries &amp; Ultra-Fast Charging👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:➤ CATL says 𝐬𝐨𝐝𝐢𝐮𝐦-𝐢𝐨𝐧 batteries ready for 𝐦𝐚𝐬𝐬 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 within a year.➤ Key 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 challenges reportedly resolved.➤ Launches 𝐭𝐡𝐢𝐫𝐝-𝐠𝐞𝐧 Shenxing battery with faster charging.➤ New batteries can charge up to 𝟗𝟖% in just 𝟔 𝐦𝐢𝐧𝐮𝐭𝐞𝐬.➤ Advances could reshape 𝐄𝐕 𝐛𝐚𝐭𝐭𝐞𝐫𝐲 economics and supply chains.➤ Sodium-ion tech reduces reliance on 𝐥𝐢𝐭𝐡𝐢𝐮𝐦 and critical minerals.➤ Developments signal strong momentum in 𝐧𝐞𝐱𝐭-𝐠𝐞𝐧 𝐛𝐚𝐭𝐭𝐞𝐫𝐲 innovation.Source: Hardik Shah

Apr 20 ｜ Dolphin Research Focus: 🐬 Macro/Industry. 1) Ibrahim Azizi, chair of Iran's Islamic Consultative Assembly Committee on National Security and Foreign Policy, told Al Jazeera that Iran will continue talks with the U.S., but stressed it is 'not at any cost' and will not accept arbitrary U.S. demands.The current U.S.-Iran temporary ceasefire expires on Apr 22. The two sides held a first round in Oman earlier, and the region sits at an inflection point between war and peace.The restart signals a pragmatic stance by Tehran. Yet core differences remain, leaving limited room for maneuver...

Bio-Techne

NVIDIA

Micron Tech

XL2CSOPHYNIX

Samsung Electronics 

CHINA MOBILE

CHINA MOBILE-R

CN Mobile HK SDR 5to1

China Mobile

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

MU debuts 24Gb GDDR7 memory; DeepSeek's first external round sparks AI capital frenzy | Daily News Recap

0416 | Dolphin Research Focus: 🐬 Macro/Sector 1) The National Bureau of Statistics released China's Q1 2026 macro data today. Preliminary estimates put GDP at RMB 33.42tn, up 5.0% YoY in real terms, at the upper end of the 4.5%-5.0% annual target range.In Mar, national retail sales rose 1.7% YoY. Retail demand remains soft, with signs of further weakening at the margin. See Dolphin Research's take: 'Mar Retail Sales: A Cold Snap in Consumption? How big is the problem'...

TENCENT

Tencent Holdings Limited

Tencent

TENCENT-R

HIKVISION

Netflix

Robinhood

Tencent HK SDR 10to1

XPeng

XPENG-W

XPEV GX flagship debuts; TSLA hits AI5 chip tape-out milestone | Daily News Recap

Conference Minutes

By 2030, the combined market for power batteries and energy storage could exceed 4 TWh.Over the next few years, CAGR may surpass 25%-30%.

SSE Index

Taiwan Semiconductor

ZHONHEN

CATL (1Q26 Trans): Q2 builds remain fully booked; capacity utilization holds at 85%-90%.

CATL Delivers on Volume and Quality

CATL: The unshakable 'TSMC' of the energy era!

CATL 1Q26 First Take: CATL again demonstrated strong earnings resilience in 1Q26. Despite raw-material inflation and elevated expectations, both revenue and net profit beat. Specifically: ① Revenue: Volume and price both rose, well ahead of estimates. 1Q26 revenue reached RMB 129.1bn (+52% YoY), beating the street at RMB 114.2bn. The upside was driven by sustained shipment growth and partial cost pass-through that lifted ASPs amid upstream price hikes. ② Profitability: resilient, GPM in line. 1Q26 GPM was 24.8%, down from the Q4 peak when capacity was fully utilized. Given the seasonal softness and lithium carbonate averaging near RMB 180k/t, this margin level was resilient and broadly in line with market expectations. ③ Bottom line: beat as well. 1Q26 net profit came in at RMB 20.7bn (~+49% YoY), above market expectations. Attributable NPM only edged down QoQ to 16.1%, while ex-non-recurring attributable net profit was RMB 16.4bn (+53% YoY). The earnings beat was driven by volume and ASP uplift, tighter control of R&amp;D and other opex, and lower impairment losses QoQ. This print eased prior concerns that rising lithium carbonate prices would erode margins.$CATL(300750.SZ) $CATL(03750.HK)

According to CNA, MAS tightened the monetary policy. https://www.channelnewsasia.com/singapore/mas-monetary-policy-exchange-rate-inflation-forecast-6053166 This will help to ameliorate the pace of inflation caused by oil supply distuption.

MAS tightens monetary policy, raises inflation forecast for 2026

🇺🇸🇭🇰🇸🇬 Big moves across US, HK, SG markets. Join the chat &amp; earn Task Coins!

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ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

CITIGROUP INC 6.250 NON CUM SER II PFD WI

It's a good sign that markets had started to recover and I hope the rally can be sustained. stay invested, as long as you don't exit, the losses are only unrealized. This is a patience game as the world had become unpredictable. Buy quality stocks on dips, accumulate precious metals. filter out the noise in the market

UB-CATL@EC2612B(28561.HK)

China stocks flat, Hong Kong drops as markets struggle for direction

China’s CATL touts landmark energy-storage order for sodium-ion batteries

Chinese EV battery maker CATL rides green energy wave to raise US$5 billion in Hong Kong

Will Sodium-Ion Batteries Revolutionize Electric Ships?

CLSA: CATL to Raise USD5B via 7% Discounted Placement; Expects Positive Market Reaction