CATL (03750.HK) Hot Stock Analysis Report

CATL (03750.HK), a hot stock in the Hong Kong stock market, has its recent performance closely tied to the overall development of China’s new energy vehicle industry. According to Jinling Analysis Database [0], on December 11, 2025, the company’s stock price rose 3.00% to $515.00, with a 5-day cumulative increase of 5.25% and a year-to-date increase of 67.05%.

The core catalyst for the company’s popularity is the strong sales data of China’s new energy vehicle market, especially the explosive growth in exports. According to data from the China Automobile Dealers Association (CPCA) [1], China’s new energy passenger vehicle retail sales reached 1.321 million units in November 2025, a year-on-year increase of 4.2%; exports were 284,000 units, a year-on-year surge of 243.3%, accounting for 47.3% of total passenger vehicle exports. Meanwhile, the penetration rate of China’s new energy vehicle market reached 59.3%, an increase of 7 percentage points compared to the same period last year. As the world’s largest power battery supplier, CATL will directly benefit from this industry growth trend.

1. Linkage Effect Between Industry Position and Market Demand
   : CATL’s dominant position in the global power battery market makes it a direct beneficiary of the growth in the new energy vehicle industry, especially the explosive growth in the export market which brings new growth opportunities for the company.
2. Stock Price Rebound and Sentiment Shift
   : Although the stock price fell 6.66% in the past month, it rebounded strongly after the release of November NEV sales data, indicating that investors’ sentiment towards the company’s long-term growth prospects has shifted from cautious to positive.
3. Relationship Between Trading Volume and Price
   : On December 11, 2025, the trading volume was 1.03 million shares, lower than the average volume of 2.67 million shares, indicating that the price rebound may be more driven by news rather than large capital inflows.

1. Intensified Industry Competition
   : Challenges from international competitors such as LG Energy Solution and SK On, as well as domestic enterprises, may affect market share.
2. Raw Material Price Volatility
   : Volatility in the prices of lithium battery raw materials such as lithium, cobalt, and nickel may affect profitability.
3. Policy Risks
   : Changes in policies related to new energy vehicles may affect sales and profits.
4. Valuation Risks
   : The current price-to-earnings ratio of 34.91x is at a relatively high level in the industry; attention should be paid to the rationality of valuation.

The explosive growth of China’s new energy vehicle exports provides new growth opportunities for CATL, which can further consolidate its global market position by expanding its overseas layout.

• Stock Code: 03750.HK
• Current Price: $515.00 (2025-12-11)
• Year-to-Date Increase: 67.05%
• Key Catalyst: 243.3% Year-on-Year Surge in China’s NEV Exports
• Support Level: $490.00; Resistance Level: $520.00

This report is based on public market data and industry analysis, aiming to provide objective market background and risk identification, and does not constitute investment advice.