0715 GMT - CATL has made significant progress in battery technology that could drive its earnings, Jefferies analysts say in a note. At the Shanghai Auto Show, the EV battery maker unveiled a suite of five new technologies that integrate safety and performance, widening the gap with its peers, they say. Management also said the revenue impact from U.S. tariffs would be minimal, the analysts add. The company recently reiterated its aim of building a battery-swap network and targets 1,000 stations this year, they note. Jefferies maintains a buy rating on the stock with a target price of CNY365.00. Shares closed at CNY232.03. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 29, 2025 03:15 ET (07:15 GMT)
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