CATL's Battery Innovation Could Help Protect Its Price, Margin Premiums -- Market Talk

Dow Jones

05/22

1006 GMT - CATL's innovative battery technologies may help the Chinese battery giant protect its price and margin premiums despite intense competition, Citi analysts write in a note. Instead of being just a battery maker, the company is gradually transforming itself into a leader in new-energy tech, they add. The company also leads the charge in R&D among global peers, they say. Global battery demand growth is slowing, but the industry's utilization ratio will rise in 2025 and 2026 amid slower capacity expansion, Citi adds. With CATL's battery shipments to the U.S. falling to a single-digit share in 1Q, it won't be affected by U.S. tariffs much, Citi says. The brokerage initiates coverage of the battery maker's H shares with a buy rating and a target price of HK$425.00. The stock last closed at HK$329.80. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

May 22, 2025 06:06 ET (10:06 GMT)

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Instead of being just a battery maker, the company is gradually transforming itself into a leader in new-energy tech, they add. The company also leads the charge in R&amp;D among global peers, they say. Global battery demand growth is slowing, but the industry's utilization ratio will rise in 2025 and 2026 amid slower capacity expansion, Citi adds. With CATL's battery shipments to the U.S. falling to a single-digit share in 1Q, it won't be affected by U.S. tariffs much, Citi says. The brokerage initiates coverage of the battery maker's H shares with a buy rating and a target price of HK$425.00. The stock last closed at HK$329.80. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2025 06:06 ET (10:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CATL's Battery Innovation Could Help Protect Its Price, Margin Premiums -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCATL's Battery Innovation Could Help Protect Its Price, Margin Premiums -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-22 18:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1006 GMT - CATL's innovative battery technologies may help the Chinese battery giant protect its price and margin premiums despite intense competition, Citi analysts write in a note. Instead of being just a battery maker, the company is gradually transforming itself into a leader in new-energy tech, they add. The company also leads the charge in R&amp;D among global peers, they say. Global battery demand growth is slowing, but the industry's utilization ratio will rise in 2025 and 2026 amid slower capacity expansion, Citi adds. With CATL's battery shipments to the U.S. falling to a single-digit share in 1Q, it won't be affected by U.S. tariffs much, Citi says. The brokerage initiates coverage of the battery maker's H shares with a buy rating and a target price of HK$425.00. The stock last closed at HK$329.80. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2025 06:06 ET (10:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2097828714.EUR","symbol_name":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2537120039","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537120039","pubTimestamp":1747908360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1006 GMT - CATL's innovative battery technologies may help the Chinese battery giant protect its price and margin premiums despite intense competition, Citi analysts write in a note. Instead of being just a battery maker, the company is gradually transforming itself into a leader in new-energy tech, they add. The company also leads the charge in R&D among global peers, they say. Global battery demand growth is slowing, but the industry's utilization ratio will rise in 2025 and 2026 amid slower capacity expansion, Citi adds. With CATL's battery shipments to the U.S. falling to a single-digit share in 1Q, it won't be affected by U.S. tariffs much, Citi says. The brokerage initiates coverage of the battery maker's H shares with a buy rating and a target price of HK$425.00. The stock last closed at HK$329.80. 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Instead of being just a battery maker, the company is gradually transforming itself into a leader in new-energy tech, they add. The company also leads the charge in R&D among global peers, they say. Global battery demand growth is slowing, but the industry's utilization ratio will rise in 2025 and 2026 amid slower capacity expansion, Citi adds. With CATL's battery shipments to the U.S. falling to a single-digit share in 1Q, it won't be affected by U.S. tariffs much, Citi says. The brokerage initiates coverage of the battery maker's H shares with a buy rating and a target price of HK$425.00. The stock last closed at HK$329.80. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2025 06:06 ET (10:06 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}