Xunfeng Lu

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 have been applied to over 25.84 million passenger vehicles. We have ranked No. 1 in global EV battery consumption for 9 consecutive years (39.2% market share in 2025). In energy storage, we have implemented approximately 2,300 global projects and have held the top position for 5 consecutive years (30.4% market share in 2025). Dual-listed on the Shenzhen (300750) and Hong Kong (03750.HK) stock exchanges, CATL is committed to its zero-carbon strategy. We achieved carbon neutrality in core operations in 2025 and aim for full value-chain carbon neutrality by 2035.