Asia Pacific Equity Research 01 September 2025 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Battery & Materials Solid production trend continues; September production outlook China battery value chain stocks had seen a 4-20% rally on 29-Aug (CSI300 ...

Key Takeaways BASF supplied its first batches of Cathode Active Materials for Semi-Solid-State batteries.BSBM created an ultra-high Nickel NCM cathode with coating to boost density and performance.BASF and WELION achieved mass production within a year of launching their joint project.BASF SE’s (BASFY) unit, BASF Battery Materials, achieved a significant milestone in next-generation battery innovation by supplying its first batches of mass-produced Cathode Active Materials (“CAM”) for Semi-Solid-State batter ...

低开低走后一路回撤，截止午盘三大指数集体收跌，其中沪指下跌1.97%，深成指下跌2.37%，创业板 指下跌3.2%，科创50大跌5.38%。两市个股涨跌互现，合计成交额1.6万亿。 大消费股逆势走强，旅游酒店、商业百货、零售等方向领涨，其中岭南空格、汇嘉时代、步步高等在内 的多股涨停。固态电池概念股维持强势，其中金龙羽涨停。光伏、储能概念股表现活跃，其中安彩高科 涨停。电池、食品、光伏等板块涨幅居前。 CPO概念低开低走陷入调整，截止午盘大跌5.11%，包括仕佳光子、炬光科技、天孚通信、新易盛、太 辰光等在内的超10只个股跌停或跌幅在10%上方。百元股、高宽带内存、半导体、存储芯片等板块紧随 其后，且跌幅均在4%上方。 消息面：2025年上半年，包括先导智能、海目星、赢合科技、利元亨等多家头部设备企业披露的新签及 在手订单总额已超过300亿元，同比涨幅高达70%至80%。全球以太网光模块市场规模有望持续快速增 长，2026年将同比增长35%至189亿美元。2025年Q2全球智能手表出货量同比增长8%，华为智能手表出 货量首次夺冠超越苹果 欢迎您在评论中分享自己的看法，大家一起学习和讨论。 ...

BlackRock-owned Australia battery maker Akaysha has raised A$300 million in debt to expand its global battery fleet, according to a company statement https://t.co/m7VdW5m7Dr ...

Flash | 31 Aug 2025 17:53:40 ET │ 14 pages China Battery Materials Commercial Vehicle Builds on the Momentum CITI'S TAKE Monthly battery installation data pack from Real Lithium suggests that July 2025 China EV battery installation was -3% MoM / +43% YoY, to 63.7GWh, bringing 7M25 EV battery installation to 402.8Wh (+49% YoY). Commercial vehicles presented strong momentum YTD, taking up 16% of battery installation in 7M25 (vs 10% in 2024), as more and more special vehicles have changed from ICE to BEV. Top- ...

格隆汇9月3日丨振华股份(603067.SH)在投资者互动平台表示，目前厦门首能在固态电池方面处于小批 量送货并配合下游客户进行应用开发阶段；主要应用在低空领域、应急启动电源、无人机等方面。 ...

2 September 2025 | 4:21PM HKT 2Q25 missed on impairment loss. Gotion released its 2Q25 results after market on 29th Aug. 1) net profit of Rmb266mn, +32% yoy, or +164% qoq, below GSe by 31% (or ~Rmb120mn); 2) gross profit of Rmb1.5bn, -7% yoy, or -8% qoq, below GSe by 3%; 3) revenue of Rmb10.3bn, +11% yoy, or +14% qoq, above GSe by 17%; 4) sales volume of ~22GWh, +47% yoy, or +22% qoq, beat GSe by 25%. We attribute Gotion's 2Q25 earnings miss to unexpected asset impairment of Rmb154mn which is associated wit ...

Flash | 27 Aug 2025 10:42:33 ET │ 11 pages China Battery Materials +852-2501-2441 jack.shang@citi.com Anna Wang +852-2501-2739 anna.d.wang@citi.com Jimmy Feng +852-2501-7588 jimmy.feng@citi.com Cynthia Wu +852-2868-7813 cynthia.d.wu@citi.com See Appendix A-1 for Analyst Certification, Important Disclosures and Research Analyst Affiliations China Battery Supply Chain on the Ground: Sep prod pipeline ahead of expectation CITI'S TAKE ZE Consulting suggests that Top-5 battery makers' production pipeline might b ...

Over recent years, we've seen the price premium for electric vehicles over gas decline as the industry scales production. Electric car sales were very high last year, but have stagnated and potentially declined. This tracks the general trendHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research industry. Harrison also has an academic backgr ...

记者丨黎雨桐 编辑丨陈思颖 A股今日8月收官，截至收盘，A股三大指数全线飘红，上证指数涨0.37%，深证成指涨0.99%。 | 全市场超3300个股下跌。 | | --- | 锂电股持续爆发 寒武纪跌超6% 相关机构表示，展望后市，长期乐观，尤其是中国市场中通信、芯片等代表先进生产力的科技行业景气度延续值得期待。海外方面杰克逊霍尔 会议打开9月降息窗口账户，宽松的美元流动性外溢推动了本轮全球市场的"水牛"行情。美元指数年初以来大幅下行约10%，接近长期均值水 平，为非美市场创造了有利条件。在全球牛市中，A股凭借独特优势展现潜力。 创业板指数冲向3 0 0 0点大关 截至29日收盘，创业板指涨超2%， 盘中突破2900点，续创3年多新高。 创业板指本月累计涨超24% 消息面上，国家发改委表示，将加快建设全国统一大市场，研究制定纵深推进全国统一大市场建设的行动方案，强化妨碍全国统一大市场建设 典型案例通报，持续推进市场准入壁垒清理整治行动，统一政府行为的尺度，进一步规范地方招商引资行为，加快推进价格法修订，出台互联 网平台价格行为规则， 会同有关部门依法依规查处低于成本倾销、夸大和虚假宣传的行为 ，加快治理部分领 ...