Flash | 27 Jul 2026 11:49:06 ET │ 9 pages China Battery Materials Cynthia Wu +852-2868-7813 cynthia.d.wu@citi.com See Appendix A-1 for Analyst Certification, Important Disclosures and Research Analyst Affiliations China Battery Supply Chain on the Ground: Another round of new capacities unfolds CITI'S TAKE Another round of new battery capacities unfolds as expected in Aug-26, whereas major battery makers (incl CATL, CALB, REPT and others) are expediting new capacities ramp up for the upcoming traditional pe ...