CATL (03750.HK)  +35.400 (+11.561%)    Short selling $664.71M; Ratio 19.299%   debuted on the stock market today (20th), and opened at $296, 12.5% higher than the listing price of $263. During the intraday trading session, the stock once peaked at $306, nearly 16.3% ahead of the listing price, with a turnover of $5.087 billion.

According to a deep company report published by Soochow Securities in August 2024, CATL's global market share and shipment volume in the power battery business for 2025 and 2026 are estimated as follows:

Related NewsCLSA's Valuation Forecast Comparison between CATL A Shrs and Peers (Table)
Item│2025 Forecast│2026 Forecast
(1) Domestic market share (power) │48%│48%
-Domestic Shipment volume (GWh)│312│354
-Share│68%│61%
(2)Market share in Europe (power)│37%│42%
-Shipment volume in Europe (GWh)│95│146
-Share│21%│25%
(3) Market share in the US (Power)│12%│15%
-US Shipment (GWh)│20│35
-Share │4%│6%
(4) Market share in other regions (power) │38%│40%
-Shipment in other regions (GWh)│31│42
-Share│7%│7%
Global lithium battery demand(GWh) (Power)│1,236│1,547
CATL's global market share│37.1%│37.2%
CATL's power shipments(GWh)(power)│458│576
YoY change│20%│26%

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Soochow Securities also listed CATL's share forecasts for major Chinese auto companies

(1) Chinese Autonomous Vehicle Enterprises (Passenger Cars)
Automaker│ 6M24 Share Forecast
GEELY AUTO (00175.HK)  +0.560 (+2.837%)    Short selling $222.27M; Ratio 18.200%   │59.3%
GAC GROUP (02238.HK)  +0.010 (+0.356%)    Short selling $3.49M; Ratio 15.657%   's passenger cars │16.8%
CHANGAN AUTOMOBILE(000625.SZ)  -0.010 (-0.079%)   │68.5%
SAIC-GM-Wuling │3.5%
GWMOTOR (02333.HK)  -0.080 (-0.647%)    Short selling $9.76M; Ratio 11.211%   │32.1%
DONGFENG GROUP (00489.HK)  -0.080 (-1.831%)    Short selling $7.03M; Ratio 7.469%   │27.5%
Chery Automobile│69.6%
SAIC Motor│89.7%

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(2) Share in New Forces Automakers in Mainland China (Passenger Cars)
Automaker│ 6M24 Share Forecast
LI AUTO-W (02015.HK)  +3.800 (+3.423%)    Short selling $208.81M; Ratio 18.161%   │82.7%
NIO-SW (09866.HK)  +0.550 (+1.800%)    Short selling $22.59M; Ratio 46.947%   │69.1%
SERES(601127.SH)  +3.610 (+2.766%)   │98.4%
XPENG-W (09868.HK)  -0.100 (-0.129%)    Short selling $270.13M; Ratio 26.256%   │2%
Hozon New Energy│52.9%
LEAPMOTOR (09863.HK)  +0.900 (+1.447%)    Short selling $23.14M; Ratio 3.990%   │0.1%
XIAOMI-W (01810.HK)  -0.650 (-1.186%)    Short selling $865.42M; Ratio 13.833%   's Xiaomi Auto│79.6%

(3) Ancillary Passenger Car Share in China
Automaker│6M24 Share Forecast
YUTONG BUS(600066.SH)  +0.060 (+0.245%)   │100%
KINGLONG MOTOR(600686.SH)  +0.180 (+1.381%)   │96.3%
ZHONGTONG BUS(000957.SZ)  +0.070 (+0.607%)   │99.3%
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-21 12:25.) (A Shares quote is delayed for at least 15 mins.)