Contemporary Amperex Technology Co., Ltd. hits record high stock price, suppliers see high growth in production guidance, products are indeed in short supply.

On the morning of September 15th, CATL's A-shares surged significantly, reaching 371.52 yuan per share at one point during trading. After adjusting for previous rights issues, the price has surpassed the high of 361.89 yuan per share reached at the end of 2021, setting a new historical high. On the news front, a brokerage research institute stated that CATL has raised its procurement guidance for 2026 to 1100GWh, a year-on-year increase of 46%. According to convention, procurement guidance is slightly higher than production capacity, which is slightly higher than invoicing. Therefore, it is expected that production capacity will be around 900-1000GW in 2026, with invoicing around 800-900GW. Another analyst told reporters that CATL's production guidance for next year may be around 1000GW, with invoicing generally less than production capacity by around 10%, with growth mainly driven by overseas demand for power batteries and energy storage batteries. To meet market demands, CATL expects to expand its production capacity by over 300GW in the next two years. On September 15th, a CATL supplier told reporters that CATL's production guidance for 2026 has indeed shown significant growth. In fact, not only for next year, but this year's demand has already increased substantially.