Asia Pacific Equity Research 22 August 2025 Correction (See disclosures for details) 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 Read-through from EVE results EVE Energy reported its 1H25 result, which saw 18% core earnings growth if we exc ...