UB#CATL RC2609G

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

Peizhenhua's Investment in CATL Returns Over 1400 Times

Beijing Auto Show: NIO Times and Huawei Dianqin Showcase Latest Technologies at Main Halls

CATL Hong Kong Equity Placement Attracts Hedge Fund Participation

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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.

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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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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%.

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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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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

CATL has launched a new online lookup tool for Chinese EV buyers to verify if their vehicles are equipped with its batteries, aiming to reinforce its premium positioning. The tool allows consumers to search for car models powered by CATL batteries and highlights models that use mixed suppliers. CATL emphasizes that its ternary lithium batteries offer superior energy density compared to lithium iron phosphate (LFP) batteries, which are seen as a downgrade for premium models. The company continues to lead the battery market in China with significant market shares in both ternary and LFP segments.

CATL launches battery lookup tool for Chinese EV buyers to reinforce premium positioning

CATL has formed a strategic partnership with Australia's Zinfra to jointly deliver and operate large-scale battery energy storage projects. This collaboration aims to utilize an asset-light, low-risk business model, leveraging Zinfra's local expertise. CATL, the leading global battery manufacturer, seeks to enhance its presence in the Australian energy storage market, contributing to the country's energy transition. The partnership follows CATL's recent fundraising efforts and significant growth in its energy storage business, which generated substantial revenue in 2025.

CATL inks deal with Australia's Zinfra for battery storage projects

UB#CATL RC2609G(56978.HK)

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

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

STOCKS | Hong Kong Lithium Battery Stocks Strengthen Amid Market Downturn

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

CATL launches battery lookup tool for Chinese EV buyers to reinforce premium positioning

CATL inks deal with Australia's Zinfra for battery storage projects