CATL Gets Target Increase on Capacity Growth, Sodium-ion Potential

Dow Jones06-24 17:56

0956 GMT - Contemporary Amperex Technology's capacity is likely to reach 1.25 terawatt-hours by the end of 2026 and rise further to 1.75 TWh in 2027, Daiwa analysts write in a note. The brokerage sees potential for faster-than-expected expansion over the next two years. It also thinks CATL will reach its target of tripling capacity within five years, which will support growth and market-share gains. The company's sodium-ion battery technology is well-suited for AI data-center energy-storage systems, potentially opening a new growth market beyond electric vehicles. Daiwa maintains a buy rating on the stock and raises its target price to 600 yuan from 550 yuan. Shares close at 395.36 yuan. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

June 24, 2026 05:56 ET (09:56 GMT)

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The brokerage sees potential for faster-than-expected expansion over the next two years. It also thinks <a href=\"https://laohu8.com/S/300750\">CATL</a> will reach its target of tripling capacity within five years, which will support growth and market-share gains. The company's sodium-ion battery technology is well-suited for AI data-center energy-storage systems, potentially opening a new growth market beyond electric vehicles. Daiwa maintains a buy rating on the stock and raises its target price to 600 yuan from 550 yuan. Shares close at 395.36 yuan. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 24, 2026 05:56 ET (09:56 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1008478684.HKD","symbol_name":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2645335891","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645335891","pubTimestamp":1782294960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0956 GMT - Contemporary Amperex Technology's capacity is likely to reach 1.25 terawatt-hours by the end of 2026 and rise further to 1.75 TWh in 2027, Daiwa analysts write in a note. 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