CATL’s Hong Kong shares rose as much as 4% Wednesday, while its Shenzhen-listed stock climbed more than 6% to an intraday high as China’s markets reopened after a holiday. Morgan Stanley upgraded the stock to overweight this week, citing the rapid scaling potential for its next-generation sodium-ion and condensed battery technologies. Of 25 analysts tracking the Hong Kong stock, 23 have a buy or equivalent rating, two have holds, with no sell ratings, Bloomberg-compiled data show.
