Hello, Secretary Dong, has the company considered joining forces with multiple electric vehicle companies to launch standardized batteries for electric vehicles and develop a universal battery rental business for electric vehicles, similar to the battery rental business for two-wheeled electric vehicles?

CATL: Hello, investors. Over the past century, the development of automobiles has continued to flourish. With the breakthroughs in electrification and intelligent technologies, new energy vehicles will be more diversified in the future and meet the various needs of different consumers. In order to adapt to the diverse design of new energy products and various application scenarios of consumers, the current differentiation of power batteries is also very large. Due to the wide range of application areas and the diversity of electrochemical energy storage materials, different battery system products will correspond to different application areas in the future. Comprehensive and comprehensive battery standardization in all fields is basically impossible to achieve, but this does not mean that standardization has become a bottleneck in the development of the industry, but on the contrary, companies with product differentiation capabilities and continuous iterative upgrade capabilities of technology have more competitive advantages. The company has the most competitive performance, the most cost potential, and more diversified products and solutions in the entire market, which can better meet customer needs. Thank you for your attention.