Movement Alert|CATL Rises 3.15% in Regular Trading, Technical Rebound Fueled by JPMorgan Long Position Increase After Prior Sharp Selloff

Market Focus07-13 11:26

On July 13, CATL H-shares (03750) rose 3.15% in regular trading, reaching HKD 605.0 per share, with turnover of HKD 920 million. The stock staged a technical rebound following a nearly 9% plunge on July 10 driven by multiple consecutive sessions of heavy selling.

On the news front, Hong Kong Exchange data revealed that JPMorgan significantly increased its long position in CATL H-shares from 4.79% to 5.9% on July 7, signaling renewed institutional confidence. Additionally, Goldman Sachs recently initiated coverage on CATL H-shares with a Buy rating and a target price of HKD 946, citing energy storage system integration as a key driver for margin expansion — projecting storage gross margins to rise from approximately 27% to 30% by 2030, with unit gross profit climbing from RMB 138 to approximately RMB 200 per kWh.

The prior selloff was triggered by lithium carbonate futures retreating from RMB 200,000/tonne highs to below RMB 160,000/tonne, combined with supply-side concerns following the resumption of CATL's Jianxiawo lithium mine operations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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