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2026-07-29 10:52:18 The latest forecasts from ZE Consulting showed that MoM momentum in China's battery supply chain was projected to remain strong, JPMorgan said in a report. The six largest battery makers are planning August output growth of 8% MoM and 65% YoY, in line with typical seasonal patterns for August. Average output for July-August was also expected to be 13% higher than the monthly average level in 2Q26, comparable to or potentially stronger than the MoM increase seen in the same period of previous years. The broker believed the latest production schedules indicate that battery demand fundamentals remain healthy as the industry enters the seasonally stronger production peak in August-September. CATL (03750.HK) continued to outperform, with 2Q26 output estimated to have risen about 80% YoY, while July and August output are both expected to grow more than 70% YoY, ahead of the roughly 40-60% growth seen among most peers. CATL remains the broker's top pick in China's battery supply chain. Among second-tier companies, the broker said CALB (03931.HK) charted the highest output growth this year, with YoY growth exceeding 90%, tracking above its 55% sales growth target. ~ AASTOCKS Financial News Website: www.aastocks.com | |