万亿宁德时代：破界！

Core Viewpoint - CATL held its first Super Technology Day themed "Awakening of Boundaries," signaling breakthroughs in technology and positioning within the new energy sector [2][4]. Product Innovations - CATL launched several new products, including the sodium-ion passenger vehicle battery, Xiaoyao dual-core battery, second-generation Shenxing ultra-fast charging battery, and sodium-ion 24V heavy-duty truck integrated battery, all emphasizing technological breakthroughs [4][5]. - The sodium-ion battery, branded as "Sodium New," represents a significant breakthrough, allowing for large-scale production and reducing reliance on lithium resources [5][6]. Resource and Performance Insights - Sodium resources are significantly more abundant than lithium, with a crustal content of 2.74% compared to lithium's 0.0065%, making sodium 421 times more abundant [6]. - The Sodium New passenger vehicle battery maintains 90% usable capacity at -40°C and has an energy density of 175Wh/kg, comparable to lithium iron phosphate batteries, with a lifespan exceeding 10,000 cycles [8]. - The sodium-ion 24V heavy-duty truck battery has a lifespan of over 8 years and reduces total lifecycle costs by 61% compared to traditional lead-acid batteries [8]. Multi-Core Battery Era - The introduction of the Xiaoyao dual-core battery signifies a shift towards a "multi-core era" in the battery industry, allowing for customized performance across different cost ranges and application scenarios [11][12]. - The dual-core architecture features independent energy zones and enhances safety and performance, supporting the transition to L3 and L4 autonomous driving [11][12]. - The self-generating negative electrode technology can increase volume energy density by 60% and weight energy density by 50%, with potential energy densities exceeding 1000Wh/L when combined with ternary materials [11][12]. Market Impact - As of April 21, CATL's stock price was 231.36 CNY per share, reflecting a 2.62% increase, with a total market capitalization of 1.02 trillion CNY [12].