Investment Analysis and Research of Contemporary Amperex Technology Ltd, CATL
Climate change has led to global energy conservation and emission reduction. Under the pressure of dual-carbon goals and energy security, the penetration rate of electrification of new energy vehicles has further increased, and the CAGR of the power battery market has climbed. The consumer demand side and the government policy side are mutually beneficial to the development of new energy battery and energy storage business. As a global lithium power leader with core competitiveness, the CATL expanded its business space at the same time of product cost in terms of technology, product quality, industrial chain control, and formed its own industrial barriers. Good performance in financial indicators robustness and refinancing capacity expansion; under the horizontal and vertical comparison of EV / EBITDA financial valuation model, the expected rise space is 22.69 %.