1. Due to the troubles of upstream raw material prices, CATL has carried out multiple rounds of lithium mine layout after 2020. How is the current progress of lithium mine layout? When can the production capacity be released? By then, how much can the cost of lithium carbonate be reduced? 2. With CATL's multiple rounds of lithium mine layout and the current decline in the overall price trend of lithium carbonate, does CATL have plans to reduce the price of power batteries? When is it expected to be implemented? 3. Will the previously laid out lithium mine projects also be affected by the decli

CATL: Dear investors, the company has built a competitive supply network, including but not limited to long-term contracts, investment, self-production, and recycling. The company's Jiangxi resource project has successively obtained the prospecting rights and mining rights of the first mining area. The overall progress is in line with expectations. At present, it is making every effort to promote the construction of mining, mineral processing and smelting. Thank you for your attention.