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BUSINESSJul 9 · 02:37 UTCSCMP CHINAThemis Qi

Goldman Sachs forecasts 50% jump for battery giant CATL’s shares as energy storage takes off

Goldman Sachs forecasts a 50% increase in Contemporary Amperex Technology Co Limited (CATL)'s share price over the next 12 months, driven by rising demand for energy independence. The investment bank anticipates CATL's battery energy storage system business will become its next major value-creation engine.

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Goldman SachsorganizationContemporary Amperex Technology Co. Ltd.organizationBattery Energy Storage SystemtopicEnergy Independencetopic
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Goldman Sachs forecasts 50% jump for battery giant CATL’s shares as energy storage takes off · The Nexus