CATL: If lithium carbonate prices continue to rise, the application scenarios and market penetration rate of sodium new batteries are expected to expand

CATL stated at the performance briefing that the current round of lithium carbonate price increases is significantly weaker than the previous round of price hikes. Coupled with the company's significant achievements in technological innovation, product iteration, and cost reduction and efficiency enhancement, the company's ability to absorb cost fluctuations has improved. Currently, client-side business cooperation is stable. If there are no extreme market conditions, the existing rebate policies and business terms will remain stable. At the same time, the company is accelerating the commercialization of sodium-ion batteries, which have already achieved some application in vehicle loading and have comprehensive performance at an industry-leading level. If lithium carbonate prices rise further in the future, the application scenarios and market penetration of sodium-ion batteries are expected to expand further