0322 GMT - Contemporary Amperex Technology will likely book notable earnings growth as the global battery leader benefits from an uptrend in global lithium-ion battery demand, Daiwa analysts write in a note. Solid growth in China's electric-vehicle industry and the rapidly expanding Chinese energy-storage system market is likely to support robust demand growth. The energy-storage system segment should be a key revenue driver for the company this year, with sales volume forecast to nearly double to 240 GWh, Daiwa says. The brokerage likes the company's leading position in frontier battery technologies, such as the all-solid-state battery, which CATL targets to roll out in small volumes in 2027 and in scalable shipments in 2030. Daiwa maintains buy rating at the stock with a target price at 550 yuan. Shares are last at 404.22 yuan. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 01, 2026 23:22 ET (03:22 GMT)
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