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<Research>BOCOMI: CN Full-Yr Lithium Battery Demand Looks Positive; Focus on CATL (03750.HK) Suggested
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Due to the off-season in February's car market, the loading volume of power batteries in China declined, but exports remained its high prosperity, BOCOMI released a research report saying. In February, the loading volume of power batteries in mainland China was 26.3 GWh, up 24.6% YoY but down 37.4% MoM. In February, China's battery exports amounted to 23.9 GWh, up 13.2% YoY but down 0.9% MoM, with exports accounting for 20.6% of the month's sales. The broker maintained a positive outlook on China's full-year lithium battery demand. In terms of individual stocks, BOCOMI recommended investors to focus on CATL (03750.HK), a leading company that combines cost advantages, technological barriers and a leading global footprint. AASTOCKS Financial News Website: www.aastocks.com |
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