Nomura has a price target of 315 yuan — for an upside of nearly 67% from Friday's close.
Even after trimming their price target on the buy-rated stock, the analysts have a price target of 266 yuan — just over 40% upside from Friday's close.
They have a price target of 284 yuan, or 50% upside from Friday's close.
More products coming to market The company already has just over a third of the global EV battery market, with more products on the way, according to Counterpoint Research.
Li Auto, which reported record deliveries in October that beat out Tesla , is launching its first purely battery-powered vehicle in December — with a new CATL battery called Qilin.
Persons:
That's, Nomura, CATL, FactSet, Peter Richardson, Li Auto, Tesla, — CNBC's Michael Bloom
Organizations:
Amperex Technology, BMW, Tesla, Union, HSBC, Revenue, VW, Mercedes, Benz, EV, Jefferies, Research, Chery, UBS
Locations:
Shenzhen, Friday's, EU, Thuringia, Hungary, —, Jiangxi