0922 GMT - Contemporary Amperex Technology will likely post stronger earnings for the next few years, driven by expanding European shipments, a potentially improving domestic pricing outlook and higher operating efficiency, HSBC Global Research analysts write in a note. The European market is likely to make up nearly 20% of CATL's EV battery volumes this year, thanks to a pick up in Europe's EV adoption and the company's scale advantages, they add. The company's 2Q net profit rose 34% on year to CNY16.5 billion, beating HSBC's expectations, boosted by solid shipments and enhanced operating efficiency. HSBC Global Research maintains a buy rating for the stock and raises its target price to CNY363 from CNY322. Shares last closed at CNY264.62.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
July 31, 2025 05:22 ET (09:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.