Core Viewpoint - Contemporary Amperex Technology Co., Limited (CATL) has officially entered the hydropower station business by investing in the Dadu River Danba Hydropower Station project, marking its first investment in hydropower [2][3]. Group 1: Investment Details - The Dadu River Danba Hydropower Development Co., Ltd. was established with a registered capital of 3.6 billion yuan, with CATL holding a 10% stake [2]. - The total dynamic investment for the Danba Hydropower Station project is 15.273 billion yuan, with a capital ratio of 30%, and CATL's direct investment amounts to 458 million yuan [6]. - The project is expected to generate an annual power output of 4.718 billion kilowatt-hours, with a calculated electricity price of 0.2974 yuan per kilowatt-hour [6]. Group 2: Strategic Implications - This investment aligns with CATL's strategic shift towards becoming an energy comprehensive service provider, moving beyond battery manufacturing to include renewable energy solutions [7][8]. - The project is part of a broader strategy to achieve carbon neutrality, with CATL aiming for core operational carbon neutrality by 2025 and value chain carbon neutrality by 2035 [12]. - By securing clean electricity through this hydropower investment, CATL can reduce the carbon footprint of its battery production processes, which is crucial for compliance with international regulations like the EU's "Battery Passport" [13][14]. Group 3: Industry Context - The Dadu River Danba project is a key construction project under China's 14th Five-Year Plan for renewable energy development, expected to save approximately 1.507 million tons of standard coal and reduce carbon dioxide emissions by over 3 million tons annually [15]. - The collaboration with the State Power Investment Corporation aims to leverage CATL's technological advantages in energy storage to enhance grid regulation capabilities [15].

国电电力（600795）(600795.SH)发布公告，公司控股子公司国能大渡河流域水电开发有限公司(以下简 称"大渡河公司")与四川铁能电力开发有限公司、宁德时代（300750）新能源科技股份有限公司，按照 56.11%：33.89%：10%股比共同设立的国能大渡河(丹巴)水电开发有限公司投资建设及运营大渡河丹巴 水电站项目(以下简称"丹巴水电站")。 项目动态总投资152.73亿元，资本金比例30%，其余通过银行贷款解决。按照动态总投资及持有项目公 司股比计算，大渡河公司直接出资25.71亿元用于丹巴水电站投资、建设及运营管理。 ...

智通财经APP讯，国电电力(600795.SH)发布公告，公司控股子公司国能大渡河流域水电开发有限公司 (以下简称"大渡河公司")与四川铁能电力开发有限公司、宁德时代新能源科技股份有限公司，按照 56.11%：33.89%：10%股比共同设立的国能大渡河(丹巴)水电开发有限公司投资建设及运营大渡河丹巴 水电站项目(以下简称"丹巴水电站")。 项目动态总投资152.73亿元，资本金比例30%，其余通过银行贷款解决。按照动态总投资及持有项目公 司股比计算，大渡河公司直接出资25.71亿元用于丹巴水电站投资、建设及运营管理。 ...

格隆汇12月29日｜国电电力公告，丹巴水电站位于四川省甘孜藏族自治州丹巴县境内，是大渡河干流水 电规划28个梯级电站的第9个梯级，装机容量115万千瓦，安装4台27.5万千瓦混流式水轮发电机组和1台 5万千瓦生态机组。项目动态总投资152.73亿元，资本金比例30%，其余通过银行贷款解决。按照动态 总投资及持有项目公司股比计算，控股子公司大渡河公司直接出资25.71亿元用于丹巴水电站投资、建 设及运营管理。项目已取得选址、环评、土地等支持性文件。 ...