CATL: If the price of lithium carbonate continues to rise, the application scenarios and market penetration rate of sodium-ion batteries are expected to expand.

Contemporary Amperex Technology Co., Ltd. stated at the performance briefing that the current increase in lithium carbonate prices is significantly weaker than the previous price increase cycle. In addition, the company has achieved significant results in technological innovation, product iteration, and cost reduction. The company's ability to absorb cost fluctuations has been enhanced. Currently, commercial cooperation with clients is stable. If there are no extreme market conditions, the existing rebate policy and business terms will remain stable. At the same time, the company is accelerating the commercialization of sodium-ion batteries, with some applications in vehicle installation already achieved and comprehensive performance at the leading level in the industry. If the price of lithium carbonate further increases in the future, the application scenarios and market penetration rate of sodium-ion batteries are expected to further expand.