CATL(SZ:300750) Xin Hua Cai Jing·2025-11-10 13:38Core Insights - The first phase of the Times Chang'an power battery expansion project was officially launched in Yibin, Sichuan, enhancing the capacity matrix for large-scale production and supporting Yibin's goal of becoming a global leader in the power battery industry [1][2] - The project is a joint investment by CATL, Changan Automobile, and Deep Blue Automobile, utilizing the latest super wire technology to achieve high flexibility and rapid model switching, significantly improving product competitiveness [1] - After the expansion, CATL's capacity in Yibin will increase from 180 GWh to 210 GWh, with additional phases expected to further boost production capacity [1] Company Developments - CATL has invested over 60 billion yuan in Sichuan, with seven factories already operational in Yibin, including the first, second, third, fifth, and sixth phases, along with Times Chang'an and Times Geely [1] - The Yibin facility is projected to produce 180 GWh of batteries this year, with a utilization rate exceeding 95%, contributing to over 15% of the national output [1] Industry Trends - In addition to the Times Chang'an project, nine other battery industry projects were launched in Yibin, with a total investment of 10.85 billion yuan, indicating robust growth in the region's battery manufacturing sector [2] - Yibin is positioned as the main hub for the new energy vehicle and power battery industry chain in Sichuan, creating a comprehensive ecosystem that includes raw materials, battery components, battery cells, new energy vehicles, and battery recycling [2] - The total output value of Yibin's power battery industry is expected to exceed 100 billion yuan in both 2023 and 2024, highlighting the area's strong industrial capabilities [2]