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CATL's Overseas Market Share in EV Batteries May Continue to Grow -- Market Talk

Dow Jones
Jun 11

0940 GMT - CATL's overseas market share in EV batteries continues to grow, HSBC Global Research analysts write in a note. These markets offer higher margins and less competition than in the domestic Chinese market, they add. In Europe, the pace of EV adoption is rising and CATL continues to build localized production capacity in Germany and Hungary, they add. Since tariffs might be the biggest challenge ahead for battery makers in China, CATL's strong commitment to international expansion will help navigate these trade risks, they say. HSBC Global Research initiates its Hong Kong-listed shares with a buy rating and a target price of HK$359.00. Shares last closed at HK$308.40. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

June 11, 2025 05:40 ET (09:40 GMT)

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