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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.