Citigroup: Will Add Ningde Times and Others to 30-Day Downward Catalyst Observation, Rising Costs Bring Profit Margin Concerns.

According to Citigroup, amid rising costs of lithium, copper, and electrolytes, the market is concerned about the downward pressure on profit margins of battery manufacturers. They have included CATL, EVE Energy, Guoxuan High-Tech, and SVOLT Energy in a 30-day downward catalysis observation. Analyst Jack Shang also pointed out in the report that weak sales of electric vehicles and selling pressure driven by liquidity have sparked market concerns, which may lead to poor performance of battery stocks such as CATL.