Bocom International has issued a research report reiterating its "Buy" investment rating and 512 yuan price target for Contemporary Amperex Technology Co., Ltd. (CATL) A-shares. On April 21, CATL held a technology launch event where it introduced multiple innovative products. These included the third-generation Shenxing ultra-fast charging battery, the third-generation Kirin battery, the Kirin condensed state battery, the second-generation Xiaoyao ultra-enhanced hybrid battery, and a sodium-ion battery. The company also simultaneously unveiled its "Charging-Swapping Integration" energy replenishment network plan. Bocom International believes that by launching the third-generation Shenxing battery, which supports 10C ultra-fast charging, and the third-generation Kirin battery with an energy density of 280Wh/kg, CATL has further strengthened its technological advantages in charging efficiency and energy density. Continuous technological innovation helps the company maintain product premium capability and profitability amid industry competition. Furthermore, by deploying the "Charging-Swapping Integration" energy replenishment network, the company not only deepens its involvement in downstream energy replenishment scenarios but also effectively enhances customer loyalty.
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