宁德时代大幅调整乘用车业务，小组制竞争冲刺更高装机目标

Core Insights - CATL has restructured its passenger vehicle division, promoting executives but shifting them away from direct business responsibilities, indicating a strategic shift towards a group responsibility model [1] - The restructuring comes at a critical time as negotiations for cost reductions with automotive manufacturers are set to begin, highlighting the competitive landscape in the battery supply market [1][2] - CATL's primary growth drivers are domestic new energy vehicle manufacturers, with significant procurement amounts exceeding 10 billion from companies like NIO, Li Auto, and AITO [1] Group 1 - The new structure divides the passenger vehicle business into 12 groups, with performance-based promotions, aiming to enhance efficiency and motivate younger employees [1][2] - CATL has maintained its position as the world's largest battery manufacturer for seven consecutive years, but faces increasing competition from other Chinese battery producers [2] - The company is expanding its production capacity, with over 150 GWh under construction, and is focusing on international markets to mitigate domestic supply surplus [3] Group 2 - CATL aims for a 30% to 50% increase in installed capacity next year, reflecting its ambition to capture a larger market share amid rising competition [4] - Other battery suppliers are also restructuring to enhance efficiency and reduce costs, indicating a broader trend in the industry to adapt to competitive pressures [4]