The Wind China lithium battery index has risen approx. 40% over the past 60 trading days, significantly outperforming the 18% gain of the CSI 300 Index, according to Goldman Sachs' research report.

Among the stocks covered by the broker, CATL (300750.SZ)  +1.600 (+0.436%)   (03750.HK)  +10.500 (+2.079%)    Short selling $227.87M; Ratio 15.666%   's A-/ H-shares have surged by 33%/ 40%, while EVE ENERGY (300014.SZ)  +0.930 (+1.320%)   , GOTION HIGH-TECH (002074.SZ)  -0.600 (-1.348%)   and CALB (03931.HK)  -0.900 (-3.247%)    Short selling $6.23M; Ratio 2.154%   recorded total share price rallies of 50-80%, with FARASIS ENERGY (688567.SH)  -0.510 (-2.383%)   also escalating 60%.

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Although the battery market is tight in the short term, the broker remained cautious about the sustainability of battery price hike.

Goldman Sachs preferred CATL and GOTION HIGH-TECH, and considered both to benefit from cyclical recovery and attractive valuations. The table below lists the broker's latest target prices and ratings for battery stocks:

Stock│ Rating│ Target Price
CATL's A-shares (300750.SZ)  +1.600 (+0.436%)   │ Buy│ RMB369
CATL's H-shares (03750.HK)  +10.500 (+2.079%)    Short selling $227.87M; Ratio 15.666%   │ Neutral│ $470
GOTION HIGH-TECH (002074.SZ)  -0.600 (-1.348%)   │ Buy│ RMB54.8
EVE ENERGY (300014.SZ)  +0.930 (+1.320%)   │ Neutral│ RMB62.6
CALB (03931.HK)  -0.900 (-3.247%)    Short selling $6.23M; Ratio 2.154%   │ Neutral│$22.8
FARASIS ENERGY (688567.SH)  -0.510 (-2.383%)   │ Sell│ RMB7.2
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-19 16:25.) (A Shares quote is delayed for at least 15 mins.)

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