HK Stock Market Move | Contemporary Amperex Technology (03750) rose more than 4% intraday; Morgan Stanley says the market underestimates the company's cross-cycle resilience.

Contemporary Amperex Technology (03750) rose more than 4% intraday, up 3.07% as of press time at HK$506.5, with turnover of HK$686 million. On the news front, on October 9, a Morgan Stanley research report pointed out that the market underestimates Contemporary Amperex Technology's cross-cycle resilience. Commercial vehicle electrification, overseas market recovery, and global energy storage demand (combined with AI power demand) provide strong diversified support. Based on total cost of ownership (TCO) analysis, Contemporary Amperex Technology has a technical premium capability of up to RMB 0.24/Wh, far exceeding the current profit premium of RMB 0.09/Wh. In addition, "Contemporary Amperex Technology Inside" has formed a strong consumer brand effect. It is worth mentioning that amid recent rising discussions of automakers "de-CATL-ization," Chongqing Sokon Industry Group Stock and Contemporary Amperex Technology announced the signing of a long-term strategic cooperation agreement. On October 10, Chongqing Sokon Industry Group Stock Group and Contemporary Amperex Technology signed a long-term strategic cooperation agreement in Chongqing. The two parties will accelerate the second phase of the "factory-in-factory" construction, cooperate around supercharging networks and battery services, and jointly explore the European, Middle Eastern, and Central Asian markets. AITO will continue to feature Contemporary Amperex Technology batteries across its entire lineup on a long-term basis.