CALB Group Co Ltd Class H
03931: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| HKD 85.00 | Ndy | Qsbdnlm |
China’s Third Largest Battery Maker CALB Playing Catch-Up
Business Strategy and Outlook
CALB is one of the leading producers of lithium-ion rechargeable batteries for electric vehicles, or EVs, in China. According to China Automotive Battery Innovation Alliance and SNE Research, CALB is ranked third in China, after Contemporary Amperex Technology Co. Limited, or CATL, and BYD, with a market share of 8% as measured by EV battery installed capacity in 2023 and sixth globally with 5% market share. CALB’s major customers include leading automakers such as Guangzhou Automobile, Xpeng, and Chang’an.