实地调研中国电池供应链-储能需求韧性抵消电动车季节性下行-China Battery Materials-China Battery Supply Chain on the Ground Resilient ESS demand to offset the EV seasonality downtrend

Flash | 27 Nov 2025 10:19:04 ET │ 11 pages China Battery Materials China Battery Supply Chain on the Ground: Resilient ESS demand to offset the EV seasonality downtrend CITI'S TAKE Channel check with ZE Consulting suggests that Top-5 battery makers' production pipeline might be flattish MoM/48% YoY to ~148GWh, extending the resilient momentum into Dec-25. Within that, EV battery production pipeline is trending weaker as (1) we are heading into a traditional slack season, and (2) the front-loading demand has ...