中国电池及材料- 宁德时代环比增长最高；10 月生产展望-China Battery & Materials-CATL saw the highest sequential growth; October production outlook

Asia Pacific Equity Research 28 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 CATL saw the highest sequential growth; October production outlook The Chinese battery value chain has rallied by 45-155% from August 1st ...