GO
| HSI1 | 24,186.83 | +124.11 | 178.21B |
| HSCEI1 | 8,128.25 | +24.98 | 60.40B |
| Back Zoom + Zoom - Block Traded | |
|
2026-10-16 11:49:45 Citi published a research report stating that ZE Consulting has lowered its battery production pipeline forecast for Oct 2026. The production pipeline of the top five battery makers is now expected to rise only 1% MoM, below the previously previewed survey expectation of a 7% MoM increase. Citi lowered its production pipeline forecasts for CATL (03750.HK), CALB (03931.HK) and EVE. The broker noted that October should have been a peak season, but the overall October production pipeline came in weaker than expected. The previously anticipated rush production increase in October is also unlikely to materialize. The broker believes this confirms some signs of weakening underlying battery demand. The broker expects the downward revision in the battery sector's Oct 2026 production pipeline to further intensify market concerns over battery demand, while negative sentiment toward the battery industry chain may persist in the short term. (ad/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |