HK Stock Market Move | Contemporary Amperex Technology (03750) rises more than 4% against the market trend. Morgan Stanley pointed out that the company has proven its ability to pass on costs during the upward cycle of lithium prices.

Contemporary Amperex Technology (03750) rose by more than 4% against the market, reaching a 3.31% increase to 493.2 Hong Kong dollars as of the time of writing, with a trading volume of 7.92 billion Hong Kong dollars. Morgan Stanley released a research report stating that they expect the stock price of Contemporary Amperex Technology to outperform the industry average in the next 15 days, with a probability of around 70% to 80%. Morgan Stanley pointed out that the recent pullback in the stock price of Contemporary Amperex Technology has made its short-term valuation more attractive. The firm believes that the market is overly concerned about cost inflation putting pressure on the company's profit margins, but these costs will eventually be passed on. Contemporary Amperex Technology has proven its ability to pass on costs during the previous lithium price upcycle, and is expected to resume lithium mining production in the short term. Additionally, the company still maintains sufficient low-cost inventory for the first quarter of 2026. In addition, according to SNE Research data, the global shipments of lithium-ion battery energy storage systems (ESS) reached 550GWh in 2025, a year-on-year increase of 79%, showing strong demand for energy storage technology in the global energy transition. In terms of regional markets, China continued to lead the world in 2025, with its ESS market reaching 352GWh, accounting for 64% of the global total. In terms of manufacturer competition, Contemporary Amperex Technology (CATL) solidified its position as the global leader with a shipment volume of 167GWh, capturing a market share of 30%. Its shipment volume increased by 80% year-on-year, maintaining its position as the industry leader.