Contemporary Amperex Technology, CNE100003662

Contemporary Amperex Technology stock gained 1.5 percent on September 30, 2026

Published on 10/03/2026 at 22:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

In Q2 2026, revenue reached HKD 147.16 billion versus HKD 94.18 billion a year earlier. CLSA kept a Buy rating with a HKD 770.00 target.

Contemporary Amperex Technology, CNE100003662, Illustration mit AI erstellt.

Contemporary Amperex Technology stock (ISIN CNE100003662) closed at CNY 291.11 on the Shenzhen Stock Exchange on September 30, 2026, gaining 1.50 percent from the prior close. The move followed a month in which the battery maker advanced its European manufacturing rollout and investors weighed strong second-quarter growth against a 37.9 percent gap to the 52-week high of CNY 468.75.

European production reaches trial stage

CATL began trial production at its new battery cell facility in Debrecen, Hungary, on September 22, 2026, according to Simply Wall St. The plant is planned as the company's largest manufacturing base outside China, with 100 GWh of capacity once fully ready.

The development gives CATL a concrete European production milestone, but trial operations still precede series production. That distinction matters because the site is intended to supply automakers in the European electric mobility supply chain.

Second quarter delivered double digit growth

For the quarter ended June 30, 2026, CATL reported revenue of HKD 147.16 billion and net profit of HKD 22.45 billion, versus HKD 94.18 billion and HKD 16.52 billion a year earlier, according to Markets Insider. Revenue therefore increased by 56.3 percent on the comparable figures, while net profit rose by 35.9 percent.

The earnings profile provides the clearest counterweight to the stock's recent weakness. CATL's September 30 price was also 1.50 percent above the previous close, while the session range ran from CNY 285.80 to CNY 300.00.

CLSA keeps a HKD 770 target

CLSA maintained its Buy rating on September 28, 2026, and set a HKD 770.00 price target for CATL's Hong Kong-listed Class H shares, as Markets Insider reported. The target applies to the secondary Hong Kong listing rather than the Shenzhen reference quote used here.

CATL is scheduled to report third-quarter 2026 results on October 21, 2026, according to Simply Wall St. That date gives the market its next quantified checkpoint after the June quarter and the Debrecen production start.

Stock remains below its yearly high

CATL's Shenzhen shares closed at CNY 291.11 on September 30, 2026, with 29,699,471 shares traded and a market capitalization of CNY 1.3 trillion. The 52-week range was CNY 285.74 to CNY 468.75, placing the reference price 37.9 percent below the high.