On October 9, CATL rose 3.06% in regular trading, trading at 490.8 HKD/share with turnover of 339 million HKD.

The advance came as the company continued a high-value A-share buyback program earmarked for cancellation, which coincided with multiple international institutions adjusting their H-share positions. CATL repurchased 697,800 A-shares for approximately 200 million yuan on October 8, with the repurchased shares intended for cancellation. This aligns with a broader plan to deploy between 20 billion and 40 billion yuan for share repurchases.

Meanwhile, UBS Group AG raised its long position in CATL H-shares to 5.02% on October 2, while BlackRock increased its stake to 6.05% on October 1. Citigroup lowered its CATL H-share target price from 888 HKD to 765 HKD but reiterated a buy rating and kept CATL A-shares among its top picks, supporting investor sentiment.

CATL is engaged in the R&D, production and sales of power batteries and energy storage batteries, applied in passenger vehicles, commercial vehicles, grid-scale and behind-the-meter storage, as well as construction machinery, ships and aircraft. Its products include cells, modules, battery packs, cabinets, containers and AC-side systems, alongside battery materials and recycling businesses in domestic and international markets.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)