Contemporary Amperex Technology Co. Ltd. is expected to sustain strong
profitability in coming years, supported by continued upgrades in high-end
battery products, according to analysts at DBS Bank Ltd.. The firm is also
positioned to benefit from rapid growth in energy storage installations. CATL is
ramping up capacity at its Germany plant and building new facilities in Hungary,
Spain and Indonesia to meet rising demand. DBS maintained a buy rating and
raised its target price to HK$925 from HK$675