中国电池与材料：2026 年目标上调；12 月生产展望-宁德时代是唯一实现环比增长的厂商-China Battery & Materials_ 2026 target revised up; December production outlook_ CATL the only manufacturer seeing m_m growth

Asia Pacific Equity Research 04 December 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 2026 target revised up; December production outlook: CATL the only manufacturer seeing m/m growth J.P. Morgan Securities (Asia Pacific) Li ...