0351 GMT - Trump tariffs aren't likely to significantly impact CATL's performance, as the Chinese battery maker has limited exposure to the U.S. market, Jefferies analysts write in a note. The company's management said they expect promising growth in the rest of the world after reporting solid 1Q earnings, the analysts add. CATL's EV battery exports to the U.S., including direct and indirect shipments, make up a low-single-digit percentage of total sales, so the possible tariff impact is manageable, they say. Despite short-term uncertainties, Jefferies is positive about the company's business strategy, which could help it penetrate global markets with low investment and operational risk. Jefferies maintains a buy rating on the stock with a target price of CNY413.00. Shares are last at CNY228.68. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 14, 2025 23:51 ET (03:51 GMT)
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