Bank of America Securities: Maintains Buy Rating on NINGDE Times

Bank of America Securities released a research report on Ningde Times, stating that the company held a technology day for 2026 yesterday, showcasing a series of groundbreaking battery technologies, including ultra-fast charging batteries, solid-state batteries, and sodium-ion batteries. The bank believes that Ningde Times is leading the industry in multiple new technologies, especially in the area of sodium-ion batteries, and is expected to begin mass production in the fourth quarter of 2026. The bank mentioned that Ningde Times aims to build 4,000 charging and swapping stations by the end of 2026, and increase it to 100,000 stations by the end of 2028 with partners. The bank maintains a "buy" rating on Ningde Times' H shares and A shares, with price targets of HK$740 and RMB 606 respectively.