Contemporary Amperex Technology Co., Limited

Contemporary Amperex Technology Co., Limited (CATL) is a leading global manufacturer specializing in new energy innovative technologies, particularly in the development and production of electric vehicle (EV) batteries and energy storage solutions. Founded in 2011 and listed on the Shenzhen Stock Exchange in 2018, CATL is committed to providing high-performance battery products and related solutions for a variety of applications in the new energy sector. The company operates primarily in two main business lines: EV battery systems and energy storage battery systems. CATL's EV batteries encompass a range of chemical structures, including lithium iron phosphate (LFP) and high-nickel nickel-cobalt-manganese (NCM) batteries, catering to various vehicle types such as battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and commercial vehicles. In the energy storage segment, CATL offers customized battery solutions for both front-of-the-meter (FTM) and behind-the-meter (BTM) applications, including utility-scale energy storage and data center solutions. The company emphasizes innovation in material science, manufacturing processes, and business models to maintain its competitive edge in the rapidly evolving energy landscape.

Guided by "Three Strategic Directions" and "Four Innovation Systems", the Company is driving the development of various business areas. 1、The Company’s Development in Three Directions The Company’s Development in Three Directions: 1. utilizing renewable energy generation + electrochemical energy storage to replace stationary fossil energy, reducing reliance on thermal power generation; 2. utilizing EV batteries + new energy vehicles to replace mobile fossil energy, reducing the reliance of the transportation sector on petroleum; 3. utilizing electrification + intelligentization to realize integrated innovation of market applications, providing sustainable, scalable, and reliable energy sources for various industries, and promoting regional zerocarbon ecosystems and the green, low-carbon transformation of multiple sectors. 2、The Company’s Innovation in Four Dimensions Innovation is in the Company’s DNA and the driving force behind its sustainable development. Guided by the “development in three directions”, the Company has established four-pronged innovation systems: “Innovation in Material and Electrochemistry System”, “Structure System Innovation” “Green Extreme Manufacturing Innovation”, and “Business Model Innovation”. These innovation systems support the development of various business operations, and the Company practices open innovation to implement these systems. The Company will integrate digital and intelligent technologies into R&D, manufacturing, sales, and management, improving the efficiency of electrochemistry system innovation, cell development and design, and manufacturing process design. This will enable the efficient transformation and large-scale, high-quality production of scientific research into technology, products, and commodities, ensuring that the Company remains at the forefront of market competition. Innovation in Material and Electrochemistry System: The Company will continue to enhance smart development platforms such as high-throughput material integration computing platforms. By leveraging advanced algorithms and computational power, and utilizing proven platform technologies, the Company will simulate and design materials at the atomic level. This will help identify combinations of material genes, efficiently screen potential electrochemistry systems, and carry out comprehensive innovations in materials and electrochemistry systems, thereby accelerating battery design and maintaining the Company’s foresight and leadership in the development of new products and technologies. Structure System Innovation: The Company optimizes the structure system design for battery packs and chassis integration through digital design tools and methods. It continuously iterates and upgrades technologies such as CTP and CTC, further enhancing the integration of battery systems and skateboard chassis products, introducing more efficient, safer, and economical products that improve the key performance of NEVs and energy storage systems, and effectively supporting the development of NEVs and the application of energy storage systems. Green Extreme Manufacturing Innovation: The Company aims to establish a green and efficient extreme manufacturing system that ensures the safety and reliability of battery products throughout their lifecycle. Through continuous R&D investment and experience accumulation, the Company has launched the prismatic super line (PSL) and deployed it to various production bases, achieving the industry-leading DPPB level in product failure rate at cell level. In the future, the Company will continue to use technologies such as big data, cloud computing, digital twins, and 3D printing to enhance industrial digitalization, and optimize production processes, product quality, and production efficiency, aiming to build a “TWh” level of high-quality delivery capacity. Business Model Innovation: The Company will leverage the advantages of its existing business and continuously explore and expand new application fields, aiming to apply innovative technologies and products to more scenarios, including engineering machinery, ships, and aircraft, and introduce Choco-Swap, Qiji and other innovative battery swap solutions. At the same time, the Company will combine its rich experience in carbon reduction across its core operations and supply chain, actively promote zero-carbon technology products and solutions starting from regional pilot projects, supporting the development of regional zero-carbon ecosystems and the green and low-carbon transformation of various fields. Achieving a global green and low-carbon transformation requires the joint efforts of all sectors of society. The Company will, guided by the spirit of “open innovation”, practice the four-pronged innovation systems, and complement internal and external innovation capabilities, achieving efficient allocation of social innovation resources and helping drive technological progress, thereby driving shared success for all.