CATL's global energy storage business layout

CATL's energy storage business is accelerating its global expansion, with orders and production capacity increasing globally. The US market, benefiting from the extension of ITC subsidies, is seeing a rapid installation pace in 2025. In Europe and emerging markets, CATL's Hungarian plant is making steady progress, with a joint venture plant in Spain under construction. In South Korea, the company plans to deepen its partnership with Hyundai Motor. In the Middle East and Africa, CATL has secured a 19GWh Renewable Energy Technology (RTC) project in the UAE.