Morgan Stanley Raises Target Prices for CATL's A and H Shares

In its latest research report, Morgan Stanley raised its target prices for Contemporary Amperex Technology Co. Limited (CATL)'s A-shares and H-shares by 6% to RMB 560 and HKD 695, respectively. The firm noted that CATL's next-generation condensed-state battery, unveiled at the Beijing Auto Show, has set a new performance benchmark for luxury electric vehicles, potentially accelerating the electrification of premium models and positively impacting the company's profit structure.