CATL (03750.HK): Analysis of Market Performance and Growth Potential of the Global Power Battery Leader

CATL (03750.HK) is a leading global supplier of power batteries and energy storage batteries. Its power batteries have ranked first in global market share for 8 consecutive years (reaching 37.9% in 2024), and its energy storage batteries have ranked first in global market share for 4 consecutive years (36.5% in 2024) [0]. The company’s customers cover 9 of the top 10 global new energy vehicle sellers, and one out of every three new energy vehicles worldwide uses its batteries [0].

The company was listed on the Hong Kong Main Board on May 20, 2025, with an issue price of HK$263 [1]. Recently, its stock price has performed strongly; as of November 26, 2025, the stock price reached HK$326, an increase of over 2% [0].

Morgan Stanley pointed out that CATL is transforming from a traditional battery supplier to an AI energy infrastructure provider [2]. Industry data shows that from January to August 2025, national power battery sales increased by 49.7% year-on-year, and energy storage battery sales increased by 87.6% [0]. The energy storage business has become an important growth driver for the company.

Institutions such as Goldman Sachs maintain positive ratings on the company and are optimistic about its long-term investment value [0]. The company’s dominant position in the power battery market, rapid growth in the energy storage sector, and new opportunities brought by strategic transformation make it highly attractive for investment.