J P M O R G A N 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. AIDC ESS Expert call takeaways on AIDC use cases and US/EU/ Middle East ESS trends Asia Pacific Equity Research 26 November 2025 We hosted a call with an expert who has experience in BESS Produc ...