Defang Nano and CATL have close cooperation, accounting for more than half of the sales

In 2023, CATL will still be Defang Nano's largest customer, with sales reaching 8.808 billion yuan, accounting for 51.90% of the annual total sales. This close partnership has both advantages and disadvantages for Defang Nano. On the one hand, relying on CATL, Defang Nano's product sales channels are guaranteed and help expand downstream customers. On the other hand, over-reliance on the largest customer may hinder the company's customer diversification.