Lyon: China's new energy storage policy benefits mainland battery stocks. Ningde Times (03750.HK) has a target price of 535 Hong Kong dollars.

According to the Wise Finance APP, Lyon released a research report stating that some mainland battery companies will benefit from favorable policies, among which Contemporary Amperex Technology Co. Limited (CATL) (03750.HK) as a global leader in electric vehicle and energy storage battery manufacturing, is expected to accelerate its profit growth this year by 37% year-on-year; with a Hong Kong stock target price of 535 Hong Kong dollars and a "outperform the market" rating, while the A-share (300750.SZ) target price is 390 yuan and a high degree of confidence in outperforming the market rating.