CATL has demonstrated continued growth and innovation in the first half of 2024. Key highlights include:

• Capacity Expansion: Significant progress in domestic and international production capacity expansion, despite a slight dip in utilization rate compared to previous years.
• New Products: Introduction of cutting-edge battery technologies for energy storage (Tianheng system), passenger vehicles (Shenxing Plus, Kirin), and commercial vehicles (Tianxing L-Supercharge). These products address key market demands for improved energy density, charging speed, and lifecycle performance.
• Customer Cooperation: Secured strategic partnerships with major players like Volvo, Hyundai, Sinopec, and Rolls-Royce, expanding CATL’s reach in diverse sectors.
• Market Outlook: The global energy storage market is experiencing rapid growth, driven by increased renewable energy adoption and favorable policies. CATL is well-positioned to capitalize on this trend due to its strong market position and diversified product portfolio.

The positive outlook for the global energy storage market presents a significant opportunity for CATL.