在宁德时代的设想中，零碳是未来比电动汽车大 10 倍的 十 万亿级市场。围绕零碳生态，宁德时代正在将加速构建相关产业链图谱，推动新 商业模式 探索 。 4 月至今，宁德时代敲定多个合作客户，加速推动从"零部件供应商"到"零碳生态链构建者"的转型。 4 月 18 日，宁德时代与金华市交通投资集团签署战略合作协议。双方将以加快实现产业零碳发展为总目标，围绕零碳陆港、新能源公交车、 物流仓储服务、重卡电动化及换电业务等方面的合作，共同构建零碳能源补给生态链。 4 月 18 日，中国贵州茅台酒厂（集团）有限责任公司与宁德时代新能源科技股份有限公司于贵州仁怀签署战略合作协议。 双方将通过共同打造具有前瞻性的数字工厂、零碳工厂样板，共同开发 "零碳 + "应用场景。同时，宁德时代与茅台集团将构建物流运输与乘 用车电动化场景，并积极探索光伏及储能技术在传统制造行业的应用，加速茅台集团绿色低碳目标的实现。 4 月 10 日，蚂蚁集团、哈啰与宁德时代正式签署战略合作协议。 三方将在绿色智能出行领域进行深度合作，包括智能驾驶、新能源出行综合服务平台建设、新能源电池后市场服务体系等方向，并将通过包括 成立合资公司在内的方式，共同推 ...

Core Viewpoint - Ningde Times reported strong Q1 2025 financial results, with revenue reaching 84.7 billion RMB and net profit exceeding 13.9 billion RMB, reflecting a year-on-year growth of over 30% and a continuous increase in gross margin [1] Financial Performance - The company's net profit attributable to shareholders reached 13.96 billion RMB, a significant year-on-year increase of 32.9% [1] - The comprehensive gross margin improved to 24.4%, showing growth compared to both the previous quarter and the same period last year [1] - Operating cash flow for Q1 was 32.87 billion RMB, indicating strong business growth momentum [1] - Since its A-share listing in 2018, the company has returned nearly 60 billion RMB to shareholders through dividends and buybacks, with a recent announcement to repurchase shares worth 4-8 billion RMB [1] Internationalization Strategy - The H-share listing process is accelerating, with the Hong Kong Stock Exchange's listing committee reviewing the company's application just two months after submission [1] Strategic Growth Areas - The battery swapping business is emerging as a new strategic growth point, with plans to build at least 500 battery swap stations in collaboration with Sinopec by 2025, aiming for a long-term target of 10,000 stations [2] - A strategic partnership with NIO will integrate Ningde Times' battery swapping standards into NIO's new models, promoting the standardization of battery swapping technology [2] - In the zero-carbon ecosystem, a strategic cooperation agreement was signed with Dongying City, aiming to create a zero-carbon industrial park powered by high proportions of green electricity [2] Market Position - In Q1 2025, China's new energy vehicle production and sales reached 3.182 million and 3.075 million units, respectively, marking year-on-year growth of 50.4% and 47.1% [2] - Ningde Times maintained a global market share of 38% in January-February 2025, with a significant 43% share in the European market, an increase of 8 percentage points year-on-year [2] Energy Storage Market - The company has become the preferred battery storage system supplier for the RTC 19GWh data center project in the UAE [3] - A collaboration with Quinbrook is set to deploy the world's first 8-hour battery storage system, EnerQB, in a 24GWh project in Australia [3] - The company is expected to maintain a strong growth trajectory due to its technological advantages and capacity layout amid the expanding new energy vehicle market and global energy transition [3]

Core Viewpoint - The article emphasizes the significant growth of China Innovation Aviation's energy storage battery shipments, projecting a 150% year-on-year increase to 20 GWh in Q1 2025, highlighting the company's successful global expansion strategy and the evolving competitive landscape in the lithium battery industry [1][2]. Group 1: Overseas Market Expansion - The shift towards overseas markets is becoming a crucial indicator of battery companies' globalization, with a focus on high-value markets [3]. - China Innovation Aviation's substantial growth in Q1 2025 is attributed to its deep cooperation on international projects, including a major 7.8 GWh energy storage project in Saudi Arabia and a 4.4 GWh order for the UK market [4]. - Despite Q1 typically being a slow season for domestic electric vehicles, the rapid growth in overseas markets has effectively countered this seasonal impact, contributing significantly to the company's overall shipment increase [5]. Group 2: Growth Metrics and Market Position - In 2024, global power battery installations reached 894.4 GWh, a 27.2% increase, with Chinese companies occupying six positions in the market, and overseas market contributions exceeding 30% [6]. - The global lithium battery storage installations surged to 165 GWh, marking a 77.4% increase, with Chinese companies dominating the top 10 in storage battery shipments [6]. - China Innovation Aviation is projected to surpass Panasonic and SK On in power battery installations, ranking fourth globally, while maintaining a top five position in energy storage shipments [7]. Group 3: Strategic Transformation - The overseas expansion strategy of Chinese lithium battery companies is transitioning from a "cost-driven" approach to one focused on "value collaboration and zero-carbon ecosystems," reducing associated risks [8]. - China Innovation Aviation is collaborating with international automakers to develop battery platforms that meet stringent European standards, while also implementing AI-driven manufacturing systems in its Portuguese factory to minimize energy waste [8]. - The company aims to deliver a zero-carbon AI super factory in Portugal by 2027, showcasing its commitment to sustainable practices [8]. Conclusion - The article concludes that overseas expansion is a critical aspect of the renewable energy industry's development, representing a pathway for companies to achieve sustainable growth and diversify their market presence. The rise in China Innovation Aviation's overseas shipments reflects the broader trend of globalization in the lithium battery sector and the company's successful transition from rapid scale expansion to value creation [9].