CATL's Market Value Dips by $100 Billion, Yet Bulls Stay Resolutely Upbeat Over Its Tech Edge
2 day ago / Read about 0 minute
Author:小编   

Despite Contemporary Amperex Technology Co. Limited (CATL) witnessing a market value decline of $100 billion over a four-month span, the prevailing bullish outlook in the market remains steadfast. Bloomberg reports that a unanimous 'buy' recommendation has been issued for CATL by 47 analysts. Bing Yuan, a fund manager at Edmond de Rothschild Asset Management, pointed out that prior efforts by multiple automakers to 'diminish their dependence on CATL' have all fallen short, given the immense challenge of replicating its technological prowess and reliability. While smaller suppliers may suffice for the general market, flagship and high-end vehicle models are still expected to depend on CATL.