CATL (03750.HK) Popularity Analysis: Driven by Performance, Cooperation and Technological Innovation

CATL (03750.HK), as the global leader in power battery system suppliers, its rising popularity is mainly driven by multiple factors:

1. Performance
   : In Q3 2025, the capacity utilization rate was nearly 90%, and the energy storage production line was nearly full [0], showing strong operational efficiency.
2. Strategic Cooperation
   : Signed a 10-year battery swapping ecosystem cooperation agreement with GAC Group [0], deepening its layout in the new energy vehicle industry chain.
3. Technological Innovation
   : Actively promoted the R&D of cutting-edge technologies such as solid-state batteries and sodium-ion batteries [2][0], and established strategic cooperation with companies like Rongbai Technology [0].
4. Industry Trends
   : Policy support for the new energy vehicle industry and increased market concentration (Matthew Effect) [0] have consolidated the company’s leading position. Recently, the company’s stock price adjusted short-term due to lock-up share release, with a single-day drop of over 5-6% [0], but the long-term growth logic remains unchanged.

• Cross-border Synergy
  : The technological innovation of power batteries and in-depth cooperation with automobile manufacturers (such as battery swapping ecosystem) form a synergistic effect, strengthening the company’s core position in the new energy industry chain.
• Short-term Volatility vs Long-term Value
  : The short-term price pressure brought by lock-up share release contrasts with institutions’ long-term optimism (CLSA’s HK$685 target price [0]), reflecting the market’s confidence in the company’s future growth.
• Forward-looking Technology Layout
  : The R&D of new technologies such as solid-state batteries and sodium-ion batteries helps the company seize the initiative in the next-generation battery market competition.

1. Short-term Price Volatility
   : Events like lock-up share release may lead to short-term stock price fluctuations [0].
2. Technological Competition
   : Competition among global power battery manufacturers in the field of new technologies intensifies [0].

1. Market Share Expansion
   : Further expand global market share through strategic cooperation with mainstream automakers [0].
2. Commercialization of New Technologies
   : The commercial application of technologies such as solid-state batteries and sodium-ion batteries is expected to open up new growth space [2][0].
3. Policy Support
   : Policy support for the new energy vehicle industry (such as promotion of battery swapping mode) provides a favorable environment for the company’s business development [0].

As the global leader in power batteries, CATL (03750.HK) has become a popular stock in the Hong Kong market relying on strong performance, in-depth industrial cooperation and forward-looking technology layout. Although it faces short-term price pressure from lock-up share release recently, institutions are optimistic about its long-term prospects. The company’s core position in the new energy industry chain and technological innovation capabilities enable it to have sustained growth potential.