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<Research>G Sachs: CATL (03750.HK) Product Mix Improves, Benefiting from YU7 Launch; Rating Kept at Buy
Recommend 27 Positive 51 Negative 21 |
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XIAOMI-W (01810.HK)'s YU7 was officially launched yesterday (26th), with the YU7 Max version equipped with CATL (03750.HK)'s flagship high-end NCM battery, 'Qilin battery', while the standard and Pro versions are equipped with CATL's flagship high-end LFP battery, 'Shenxing battery', Goldman Sachs released a research report saying. Goldman Sachs expected the penetration rate of CATL's Qilin battery to resume growth in 2H25 with the launch of NEV models like Xiaomi YU7, alleviating the adverse effects brought by the penetration rate of low-price LFP batteries and promoting the improvement of the product mix. Therefore, the broker kept rating at Buy for CATL, with a target price of $343 for its H-shares and RMB323 for its A-shares. AASTOCKS Financial News Website: www.aastocks.com |
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