CATL (03750) saw its AH shares rise simultaneously. As of press time, its H-shares gained 3.91% to HK$571.5, with a turnover of HK$796 million, while its A-shares surged over 8%.

Recently, CATL Chairman Robin Zeng stated at the opening ceremony of the 2025 World Power Battery Conference that in the first three quarters of this year, China's "new three" exports (lithium batteries, solar cells, and electric vehicles) exceeded CNY 900 billion, with lithium batteries contributing nearly CNY 400 billion, accounting for over 40%. Of the total 200GWh lithium battery exports, CATL contributed 120GWh, representing nearly 60%.

CITIC Securities noted that, based on CNESA data, global new energy storage installations are projected to reach 290GWh by 2025, with long-term potential hitting 1.17TWh by 2030. The firm highlighted the competitive edge of China's energy storage supply chain, particularly in battery cells and system integration, recommending focus on leading players expanding overseas.

Meanwhile, CLSA addressed concerns over potential selling pressure as CATL's H-share IPO cornerstone investor lock-up period expires on November 20. While expecting some profit-taking, CLSA downplayed risks of significant corrections, anticipating a resumed uptrend post-lockup, driven by robust global energy storage demand and improving battery supply-demand dynamics by 2026. The brokerage reaffirmed its "Outperform" ratings for CATL's A-shares (target: CNY 500) and H-shares (target: HK$685).