Daiwa: Ningde Times (03750.HK) "buy" rating, new 811 products will increase the capacity of range-extending electric vehicle batteries.

According to the Wisdom Financial APP, Morgan Stanley released a research report stating that, according to internal reports, Contemporary Amperex Technology Co. Limited (CATL, 03750.HK) may launch NCM811 battery products next year, increasing the capacity of range-extended electric vehicle (EREV) batteries to 80kWh, which is higher than the current 30 to 50kWh per unit. According to Morgan Stanley, CATL has not yet confirmed this news. Morgan Stanley reiterated its target price of 425 RMB for CATL A-shares (300750.SZ) and maintained a "buy" rating on its Hong Kong shares.