0712 GMT - Contemporary Amperex Technology's revenue should continue to be supported by robust sales of electric vehicles in China, S&P Global analysts say. They forecast 8%-15% revenue growth over 2025-2026, mainly driven by 10%-20% growth in battery sales volume. The company's revenue fell 10% last year due to softer battery prices on lower lithium costs, they note. The Chinese battery maker's profitability may improve in the next two years, and should also benefit from a better product mix and increasing economies of scale, S&P adds. In addition, the company's potential secondary listing in Hong Kong could sustain its solid net cash position over the next two years, S&P says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 18, 2025 03:12 ET (07:12 GMT)
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