CATL’s Hong Kong-Shenzhen share premium grows after JPMorgan upgrade
Contemporary Amperex Technology (CATL) surged in Hong Kong on Monday after JPMorgan Chase upgraded the stock, which extended a rebound for Chinese battery makers and inflated the premium of its Hong Kong shares over those that trade in Shenzhen. The US bank also predicted stronger demand for CATL’s energy storage systems. CATL’s Hong Kong shares…