J.P. Morgan Chase published a report stating that it believes 2027 will not repeat the 2023-2024 overcapacity cycle, maintaining the Ningde era's “gain” rating, with a target price of HK$725, pointing out that its share of the electric vehicle battery market in China has further increased from 44% last year to 48% in the first half of this year. It believes that its market position has not been damaged, and maintains a net profit forecast of 95 billion yuan and 116 billion yuan for this year and next two years.

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