Ac t i o n | 07 Oct 2026 09:20:58 ET │ 98 pages Global Battery Chain The Second Battery Capacity Cycle with More Balanced Landscape, We Are Not Bearish CITI'S TAKE We witnessed the battery price cycle inflection in 2025 (link). Since then, we have seen upward revisions in consensus forecasts across the value chain until recently. Looking ahead into the downcycle as battery capacity catches up, we are not as bearish as market feared. We see a more balanced supply-demand landscape as overall utilization on th ...

Flash | 15 Oct 2026 11:28:34 ET │ 9 pages China Battery Materials China Battery Supply Chain on the Ground: Peak-Season Miss; Revised Down Production Pipeline for Oct 2026 CITI'S TAKE ZE Consulting has revised down its previous production pipeline forecasts for Oct 2026, whereby it expects Top-5 battery makers' production pipeline to be up by 1% MoM (vs 7% MoM up in preview check), mainly attributable to lower forecast for CATL's pipeline, as well as for CALB and EVE. Overall October production pipeline is ...