UB#CATL RC2610C

CATL Wholly-Owned Subsidiary Times QiJi New Energy Technology Co., Ltd. Established

CATL Unveils Multiple Battery Technologies and Charging Network Plan

BlackRock Reduces Stake in CATL H Shares

CATL Dominates Global EV Battery Market in Q1

UBS Increases Holding in CATL H Shares to 7.34%

CLSA Publishes Report Predicting CATL's Stock Price Trend

JPMorgan Sees Leading Position of CATL in Global AI Data Center Energy Storage Market

Multiple Banks Update Target Prices and Ratings for Several Companies

Morgan Stanley Upgrades CATL to Overweight Rating

JPMorgan Increases Short Position in CATL H Shares

CATL Shareholders Deposit Shares with HSBC, Company Issues Green Sci-Tech Innovation Bond

CATL and Zinfra Sign MOU to Advance Battery Storage Projects in Australia

CATL Completes Placement of 62.385 Million H Shares Raising HK$39.1 Billion

CATL Successfully Issued a RMB 5 Billion Green Sci-Tech Innovation Bond

Contemporary Amperex Technology Co. Ltd (CATL) enters strategic partnership with Zinfra for large-scale battery energy storage projects in Australia

JPMorgan Raises Holdings in CATL H Shares to 9.43%

CATL Subsidiary Invests in Shanghai Juna New Materials Technology

Zheng Jiahua Recommends Buying CATL Stock

CATL and HyperStrong Sign Sodium-ion Battery 60GWh Supply Agreement

CATL Undertakes Share Placement at a Discount to Raise HKD 39.11 Billion

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Profit trajectories between automotive assemblers and electric vehicle (EV) battery producers in China are diverging due to weak car sales and strong demand for energy-storage systems. Analysts predict continued interest in shares of leading battery maker Contemporary Amperex Technology Ltd (CATL), which reported a 42% profit increase last year. In contrast, car manufacturers face profit pressures, with margins at 3.2% compared to 6% for other industrial companies. EV sales dropped 21.4% year-on-year, while CATL's shares rose significantly amid expectations for its energy-storage business.

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Stellantis NV

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SAIC Motor

CATL HK SDR 30to1

BYD HK SDR 10to1

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BYD Company Limited

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Geely Auto

Falling sales to widen profit gap between China’s EV makers, battery suppliers

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In the first quarter of 2026, CATL maintained its dominance in the global EV battery market with a 40.7% share, while BYD's share fell to 13.7%. Total global EV battery usage reached 244.6 GWh, up 9.1% year-on-year. CATL's installations increased to 99.5 GWh, driven by strong vehicle sales among key clients. In contrast, BYD's installations dropped to 33.5 GWh due to sluggish domestic sales. South Korea's LG Energy Solution held a 9.7% share, while other South Korean firms faced declines amid a 28.4% drop in US EV market sales.

- CATL held a commanding 40.7% market share in the global EV battery market during Q1 2026, despite a slight decrease from January-February numbers.  
- BYD's market share dropped to 13.7%, influenced by weak domestic vehicle sales, while LG Energy Solution maintained 9.7% with an increase in installations.  
- Overall EV battery usage grew 9.1% year-on-year, reaching 244.6 GWh, though South Korean firms faced declines due to a 28.4% fall in US EV market sales.

CnEVPost

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Panasonic Corporation

Panasonic Holdings Corporation

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Global EV battery market share in January-March 2026: CATL 40.7%, BYD 13.7%

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HUAQIN(03296) rose 7.76%, with a trading turnover 263.6 Million HKD, and a year-to-date rose 26.9%. CKH HOLDINGS(00001) rose 4.13%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 28.4%. SERES(09927) fell 6.97%, with a trading turnover 93.0 Million HKD, and a year-to-date fell 34.5%. OMNIVISION(00501) fell 5.48%, with a trading turnover 31.6 Million HKD, and a year-to-date fell 19.4%.

- The Hang Seng Index decreased by 0.76%, with an annual increase of 1%.  
- The Hang Seng Technology Index dropped 0.94%, reflecting a yearly decline of 10.6%.  
- Notable movers include Huajin Technology rising 7.76% and CK Hutchison increasing by 4.13%, while Seres and OmniVision saw declines of 6.97% and 5.48%, respectively.

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CLSA's research report indicates that CATLis entering a consolidation phase after recent catalysts, with a target price of HKD820. The report highlights potential short-term challenges due to supply disruptions in the lithium market and rising costs. However, CLSA maintains an Outperform rating, encouraging investors to accumulate shares ahead of expected catalysts in 2H26, including the end of the H-share lock-up period and sodium-ion battery production.

AASTOCKS News

CLSA: CATL  Enters Consolidation Phase, TP HKD820, Maintains Outperform

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.

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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

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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

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

CATLsaw a rise of 2.61% in its stock price, reaching HKD648, with a turnover of HKD1.528 billion. Morgan Stanley has increased its target price for CATL's H shares by 17% to HKD815, citing expectations for rapid commercialization of next-generation battery technologies, which could boost earnings growth and market share significantly over the next three years. The projected compound annual growth rate (CAGR) of net profit for 2026 to 2028 has been raised from 25% to 30%.

Morgan Stanley

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CATLRises 2.6% Against Market; M Stanley Lifts H Share TP to HKD815

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Hong Kong's lithium battery stocks demonstrated strength amid a market downturn, with CATLand Tianneng Powerboth rising over 3%, and Longpan Technologyincreasing by 2.7%. Other companies like Hongqiao Groupand Clou Energyalso reported gains.

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STOCKS | Hong Kong Lithium Battery Stocks Strengthen Amid Market Downturn

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The Hong Kong stock market opened lower, with the HSI down 150 points (0.6%) at 25,945. Major blue chips like Tencent and Meituan fell by 0.8% and 1%, respectively. Weichai Power retreated over 4%, while CATL rose 2.9% after a target price increase by M Stanley. The DJIA dropped 557 points overnight amid tensions in the Persian Gulf. Star Sports Med's IPO surged 192.4%, opening at HKD288, significantly above its listing price.

WEICHAI POWER

HSI Opens Down 150pts; WEICHAI POWER  Retreats Over 4%; CATL Rises Against Market

Today’s Key News Recap

0428 | Dolphin Research Focus: 🐬 Macro/Industry. 1) The CPC Politburo met on Apr 28 to assess the current economy and economic work.It said the economy remains broadly stable with a solid start, and recovery resilience continues to build. However, endogenous momentum still needs consolidation, and the foundation for the upturn is not yet firm.The meeting reaffirmed the principle of seeking progress while maintaining stability. Policy will stay proactive on the fiscal side and prudent on the monetary side, using targeted measures to stabilize the macro backdrop.Priorities include boosting domestic demand and defusing property and local gov. debt risks in an orderly manner. It will also push forward 'AI+' and other industrial upgrade initiatives...

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Hong Kong Exchanges and Clearing (HKEX)

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Tencent HK SDR 10to1

CATL's discounted equity raise rattles market; Tencent Cloud up for a third straight session YTD | Daily News Recap

Featured

$BYD COMPANY(01211.HK)$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😁.

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...

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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...

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CN Mobile HK SDR 5to1

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GraniteShares 2x Long NVDA Daily ETF

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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'...

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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%.

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Taiwan Semiconductor

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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!

UB#CATL RC2610C(54758.HK)

Falling sales to widen profit gap between China’s EV makers, battery suppliers

Global EV battery market share in January-March 2026: CATL 40.7%, BYD 13.7%

Top 5 HK Stock Gainers/Losers (>100B) (5.5)

CLSA: CATL Enters Consolidation Phase, TP HKD820, Maintains Outperform

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