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2025-07-31 09:47:10
[Jefferies: Optimistic about CATL's A-shares, LG Energy Solution orders are not expected to pose a threat] Jefferies said that both CATL's A-shares and H-shares fell on Wednesday due to LG Energy Solution's reported receipt of an order for lithium iron phosphate (LFP) batteries from Tesla. However, it believes that CATL still has a 6-8 year technological advantage in this field and is currently more optimistic about CATL's A-shares, predicting a 35% upside. It also stated that CATL's H-shares have a premium of over 40% over A-shares, which is unlikely to be sustained in the medium term. The H-share lock-up period is until November 2025, and after the lock-up period is lifted, some cornerstone investors may take profits, pushing the premium to converge.
