CATL discusses LRS model cooperation with GM and Ford

According to Zeng Yuqun's disclosure in the annual report conference call, in addition to discussing cooperation with Ford Motor on the LRS model, CATL is also in similar negotiations with other companies (possibly General Motors). In addition, the European market may also adopt this model. This model is expected to help CATL open up the US market and enable it to shift from heavy asset manufacturing to light asset manufacturing, thereby improving ROE.