JPMorgan Chase released an in-depth research report, stating that the market's "de-CATL-ization" narrative regarding Chinese power battery giant CATL is a serious misjudgment. The report points out that investors have overly focused on the narrowing technology gap while underestimating CATL's structural leading advantages in scale, execution, quality, consumer trust, and financial resilience. JPMorgan Chase maintains an "Overweight" rating for CATL's A-shares and H-shares, with a target price of RMB 520 for A-shares and HKD 725 for H-shares. The report emphasizes that despite CATL's share price falling by 19% in September due to "de-CATL-ization" trading, its market share in China's passenger electric vehicle battery market rose by 3 percentage points to 44% during the same period.