Core Viewpoint - CATL (Contemporary Amperex Technology Co., Limited) has seen a significant stock price increase, with a market capitalization surpassing 1.8 trillion yuan, driven by strong performance and ESG (Environmental, Social, and Governance) initiatives [1][4]. Group 1: Company Performance - On September 29, CATL's stock rose by 4.46%, reaching a market value of 1.81 trillion yuan, with a one-month increase of 43% [1]. - The stock price briefly exceeded 400 yuan, marking a historical high and surpassing Kweichow Moutai's market cap at that time [1]. Group 2: ESG Reporting - CATL published its 2024 ESG report, which is 167 pages long and covers governance, environmental, and social aspects [4]. - The report highlights key focus areas such as R&D innovation, risk management, and product quality and safety [3][8]. - 67% of A-share lithium battery companies have released ESG reports, which is significantly higher than the average disclosure rate in the A-share market [1][6]. Group 3: Sustainability Initiatives - CATL has established a dedicated committee for sustainable development and aims for carbon neutrality in core operations by 2025 and throughout the value chain by 2035 [4][5]. - The company has implemented a "zero-carbon strategy," achieving a 74.51% share of zero-carbon electricity in its core operations and reducing greenhouse gas emissions per product by 20.97% year-on-year [4][9]. Group 4: Industry Context - The lithium battery industry is under increasing pressure to meet stringent environmental regulations, particularly from the EU, which necessitates early compliance from export-oriented companies like CATL [5][9]. - The focus on product safety and carbon footprint management is critical, as the battery is a high-value component in electric vehicles and poses significant safety risks [9].