Although CATL (03750.HK) -3.000 (-0.795%) Short selling $15.73M; Ratio 5.473% remained its top pick in China's battery industry, its share price is expected to experience a short-term correction after a recent surge (up a total of 30% in the past 2 weeks), according to JPMorgan's research report. Therefore, the broker kept its target price at $400 and rating at Overweight.The Company's recent output growth is the highest in the industry, JPMorgan added. Although advisory opinions reflect a slight decline in output in mid-July, the overall growth remained robust and beat expectations. Related NewsG Sachs Sees Growth Potential in CATL (03750.HK), Elevates TP to $411Moreover, the broker anticipated 2Q25 earnings to beat estimation. Sales are estimated at 140-150 GWh and net profit rising by 25-30% YoY to RMB15.5-16 billion, with unit economics similar to 1Q25.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)