Core Insights - CATL held a "Boundary Awakening" Super Technology Day on April 21, showcasing innovative products including the second-generation Shenxing supercharging battery, Xiaoyao dual-core battery, and sodium batteries [2] - The company has invested over 70 billion RMB in R&D over the past decade, with a record high of 18.6 billion RMB planned for 2024 [2] - CATL positions itself not merely as a battery manufacturer but as a pioneer in the new energy industry [2] R&D and Production Capabilities - CATL has established six R&D centers and thirteen battery manufacturing bases, creating a comprehensive R&D and production system [3] - The Ningde, Yibin, and Liyang bases have been recognized as global lighthouse factories by the World Economic Forum [3][4] Market Position in Power Lithium Battery Industry - According to data from the China Automotive Power Battery Industry Innovation Alliance, CATL leads the market with a significant share, followed by BYD and Zhongchuang Xinhang, all with over 5% market share [5] Market Position in Energy Storage Battery Industry - CATL holds the highest market share in China's energy storage battery sector, exceeding 30% [7] - In the first half of 2023, CATL's market share in China's energy storage lithium battery shipments was over 33.5%, with BYD in second place at 9.7% [7] New Product Developments - On April 21, CATL introduced several new products, including the second-generation Shenxing battery with a peak charging rate of 12C, and a sodium battery that performs well in extreme cold [9] - The company plans to mass-produce its start-stop battery by June 2025 and its power battery by December 2025, which is expected to drive growth in hard carbon anode materials [9] - The Xiaoyao dual-core battery utilizes self-generating anode technology, which is anticipated to be industrialized soon, with limited impact on traditional graphite anode materials [9]