It was cut by Morgan Stanley's target price and fell more than 3% at the beginning of trading in Ningde.

FAP, June 7 (FAP)-- at the beginning of the Ningde era, the price quickly fell by more than 3%. On the news side, Morgan Stanley said recently that it expects short-term battery capacity to remain excess, making a price war inevitable, downgrading the Ningde era rating to a low level and lowering the target price to 180 yuan.