Core Viewpoint - The article highlights the advancements in CATL's second-generation Kirin battery, particularly its application in the newly launched Xiaomi SU7 Ultra, which is positioned as a high-performance yet affordable electric vehicle. The focus is on the battery's impressive charging and discharging capabilities, which are crucial for enhancing vehicle performance and market competitiveness [2][3]. Group 1: Product Launch and Features - The Xiaomi SU7 Ultra was launched at a significantly reduced price of 529,900 yuan, down from the previously announced 814,900 yuan, making it a competitive offering in the electric vehicle market [2]. - The vehicle features CATL's second-generation Kirin battery, designed for high power output, supporting a discharge rate of 16C and a charging rate of 5.2C, allowing for rapid charging from 10% to 80% in just 11 minutes [2]. - The second-generation Kirin battery shows improvements in energy density, volume utilization, low-temperature endurance, safety, and environmental friendliness compared to its predecessor [2]. Group 2: Financial Performance and Market Position - CATL's revenue forecast for 2024 is between 356 billion and 366 billion yuan, representing a year-on-year decline of 8.71% to 11.2% from 2023's revenue of 400.9 billion yuan [3]. - Despite the overall industry downturn, CATL expects its net profit to grow by 11.06% to 20.12%, reaching between 49 billion and 53 billion yuan, driven by the increasing share of high-end products like the Kirin and Shenxing batteries [3]. - The installation ratio of high-end batteries, including the Kirin and Shenxing batteries, has reached 30% to 40% of total power battery installations, with expectations for further growth by 2025 [3]. Group 3: Technological Advancements - CATL is also advancing its lithium iron phosphate (LFP) battery technology, with a new 6C ultra-fast charging LFP battery set to be launched in collaboration with SAIC General in September 2024 [4]. - The introduction of the 6C ultra-fast charging capability is expected to position CATL's Shenxing battery as a flagship product in the LFP battery segment, with high-end models leading the market by 2025 [4].