0906 GMT - CATL remains at the forefront of battery technology, which will help the Chinese battery maker maintain its industry-leading position, Bernstein analysts write in a note. The company says its new Shenxing battery can achieve a charging speed of 2.5 kilometers per second, outpacing BYD's 10C charging technology. Charging speeds have more than doubled compared with a year earlier and increased tenfold over the past three to four years, Bernstein says. The key to successful commercialization of this latest technology depends on the development of fast-charging infrastructure, it adds. Bernstein maintains an outperform rating on the stock with a target price of CNY340. Shares closed at CNY233.35. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 23, 2025 05:06 ET (09:06 GMT)
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