CATL is a global leader in innovative zero-carbon technology, providing comprehensive energy solutions to accelerate the global transition toward a sustainable future. Headquartered in Ningde, China, CATL has established 24 manufacturing bases and subsidiaries in Munich, Paris, Yokohama, Detroit, and other regions. Innovation is our primary driver. We operate 6 R&D centers globally with a research team of approximately 23,000 members, including 745 PhD holders. Cumulative R&D investment over the past decade exceeds 90 billion yuan, with 22.1 billion yuan invested in 2025. As of the end of 2025, we owned and had applied for 54,538 patents. Our power solutions …