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| HSI1 | 26,749.51 | +119.55 | 240.87B |
| HSCEI1 | 9,160.81 | +46.51 | 87.55B |
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2026-01-23 10:24:47 CATL (03750.HK) is strategically shifting from lithium batteries to more cost-effective sodium-ion batteries, Morgan Stanley published a research report saying. The broker believed that the launch of sodium-ion products marks the coming of the 'sodium era', especially considering its 'launch-and-mass-production-immediately' model. In terms of market penetration, sodium-ion batteries are expected to make initial progress in light trucks and passenger vehicles, specifically in the A0-class (small) and A00-class (micro) segments. Beyond auto applications, the broker also identified huge potential for sodium-ion technology to replace lithium iron phosphate batteries in the energy storage systems market. Morgan Stanley believed that these characteristics make sodium-ion batteries a viable and economical alternative to lithium iron phosphate batteries in various application scenarios. Therefore, the broker rated CATL's A-shares at Overweight, with a target price of RMB490. ~ AASTOCKS Financial News Website: www.aastocks.com | |