Goldman Sachs maintained a Buy rating on CATL, the world's largest power battery manufacturer
Goldman Sachs maintained a Buy rating on CATL, the world's largest power battery manufacturer, projecting its energy storage business unit's gross profit to increase by approximately 1.6 times between 2026 and 2030. Goldman Sachs set a target price of RMB 507 for its A-shares and HKD 777 for its H-shares, both implying over 100% upside from current prices. Goldman Sachs believes the market underestimates the value of CATL's structural transformation from a single cell supplier to a comprehensive AC-side energy storage solution provider. It also expects CATL to regain its dominant position in the Chinese energy storage market, with its market share potentially recovering from 20% in 2025 to 40% in 2030.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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