Core Viewpoint - CATL is gradually reducing its upstream investments but remains a key partner for upstream material manufacturers seeking transformation, as evidenced by its recent collaboration with BHP to electrify mining operations through a comprehensive solution [1][3]. Group 1: Collaboration with BHP - CATL and BHP have signed an agreement to collaborate in areas such as fast-charging infrastructure, electrification of mining equipment, energy storage, and battery recycling [1][3]. - BHP aims for net-zero greenhouse gas emissions by 2050, recognizing CATL's leading technology in energy storage and batteries as a significant advantage for their partnership [2][3]. Group 2: Energy Storage Business - CATL has secured numerous energy storage orders this year, including a record 3GW/24GWh project in collaboration with Quinbrook in Australia, and a total of 45GWh in energy storage-related orders by early July [5][6]. - The EnerQB product developed with Quinbrook can operate for 8 hours, showcasing the successful R&D collaboration between the two companies [5]. - CATL is also involved in the 500MW/2000MWh Collie storage project in Australia, supplying over 600 EnerC Plus storage systems [5]. Group 3: Battery Business with Automotive Manufacturers - CATL is expanding its battery business, with a new factory in Indonesia set to reach a capacity of 15GWh by 2026, involving mining, smelting, battery manufacturing, and material recycling [8][9]. - A domestic factory in Shandong has begun shipping energy storage batteries to North America, with a planned capacity of 160GWh [8][9]. - CATL has strengthened partnerships with several automotive manufacturers, including Geely, Dongfeng Nissan, Honda, and Mazda, focusing on battery technology collaboration and supply chain integration [10]. Group 4: Order Growth - 2023 has seen a surge in orders for CATL, with significant contracts from companies like DHL, Masdar, and others, indicating strong market demand and the potential for substantial future revenue growth [10].

Core Viewpoint - Australia is set to experience a surge in energy storage capacity, with a total of 6.3GW from 14 storage-related projects included in the country's first renewable energy priority list [1][2]. Group 1: Project Overview - The renewable energy priority list includes 56 projects, with 32 being generation and storage projects, contributing to a total storage capacity of 6.3GW [1]. - Among the 14 storage-related projects, there are 2 pumped hydro projects with a capacity of 2.75GW and battery energy storage systems (BESS) totaling 3.621GW [2]. - The largest battery storage project is the Bundey Battery Storage System, which has a capacity of 1.2GW [3]. Group 2: Key Projects and Companies - Key projects include: - Bundey Battery Storage System by Genaspi with a capacity of 900MW solar and 1200MW BESS [3]. - Darwin Battery Storage System (D-BESS) by SunCable with a capacity of 100MW [3]. - Wooreen Battery Storage System, the largest independent storage project in Australia, with a capacity of 350MW/1400MWh, backed by Energy Australia [6]. - Companies such as AGL Energy Ltd. and Origin Energy Ltd. are planning significant increases in battery storage capacity, with AGL seeking financing for 1.4GW and Origin targeting 1.8GW by 2027 [6]. Group 3: Market Trends and Opportunities - The Australian energy storage market is expected to grow, driven by improved trade relations with China, which could enhance investment prospects in the energy storage sector [6]. - Chinese companies, including CATL, Trina Storage, and Jinko Energy, are accelerating their entry into the Australian market, collaborating with local power companies and developers on various storage projects [7].

3月6日，专注能源转型基础设施投资的Quinbrook Infrastructure Partners宣布：与全球电池储 能系统(BESS)领军企业宁德时代达成技术合作，将在澳大利亚率先部署规模为3GW/24GWh的 全球首个商业化8小时长时储能系统EnerQB。 如专为日间太阳能存储和夜间连续两班次工业用电设计，每天仅需1次满充满放，降低循环损 耗；虽未采用宁德时代最新发布的"天恒储能系统"的零衰减技术，但通过仿生SEI膜和电化学 设计优化，显著提升系统寿命与效率；结合Quinbrook的Quintrace平台，实时计算电网碳强 度，优化储能充放电的经济性与环保性。 这一设计使EnerQB在澳大利亚等高太阳能辐射地区（年均辐射量全球最高）具备极强的成本 竞争力，可延缓电网升级投资，并减少基荷电厂的设备磨损。结合当地重工业需求，提供稳定 电力以替代化石能源基荷；并通过"风光储"多能互补，推动零碳制造转型。 2024年宁德时代也在不断爆单。4月淘科新能源与宁德时代现场签署了面向日本市场总容量为 350MWh的液冷储能电池长期采购协议。 10月，西班牙可再生能源开发商Grenergy与宁德时代成功签署了一份大规模 ...

Group 1 - CATL will collaborate with Quinbrook to develop an 8-hour battery storage project in Australia, providing approximately 3GW of long-duration energy storage technology, equivalent to 24GWh of storage capacity [1] - Dongfang Risen's energy storage system, featuring 14 units of iCon 100kW/215kWh, is projected to generate nearly 10 million yuan in additional revenue over 10 years for Yiming Food [2] - Xineng An and Hailiang Technology signed a strategic cooperation agreement to deliver a 2GWh energy storage system over three years, capable of supporting over 100,000 electric vehicles [3] Group 2 - Penghui Lihe signed a contract for a 200MW/400MWh energy storage project in Inner Mongolia, with a total investment of 600 million yuan and a construction period of one year [4] - Canadian Solar's subsidiary, Aypa Power, has signed major battery supply agreements for two projects in California and Texas, totaling 1.8GWh of storage capacity [5] - Jinko Energy and Kubo Energy are the leading candidates for a procurement bid for 25MWh of energy storage cabinets by Southern Power Grid, with bids of 0.65 yuan/Wh and 0.68 yuan/Wh respectively [6] Group 3 - China Communications First Public Bureau is procuring a commercial energy storage system with a total capacity of 67.68MW/282MWh, located in Tai'an, Shandong Province [7] - The 13th International Energy Storage Summit and Exhibition (ESIE 2025) will take place from April 10-12, 2025, featuring over 800 leading companies and 500 new product launches [9]

Group 1 - Quinbrook Infrastructure Partners announced a collaboration with CATL to develop an 8-hour battery storage project in Australia, with a deployment capacity of 3GW/24GWh [1] - The EnerQB system is claimed to be the world's first true 8-hour lithium-ion battery storage system, co-designed by Quinbrook and CATL over two years [1] - CATL has secured over 43GWh of overseas energy storage orders, including a significant contract for over 10GWh in 2023 [1] Group 2 - In January 2025, CATL was selected as the preferred supplier for a large-scale "all-weather" photovoltaic storage project in Abu Dhabi, providing a 19GWh storage system using advanced TENER technology [1] - In April 2024, CATL signed a long-term procurement agreement for 350MWh of liquid-cooled storage batteries for the Japanese market with Taoke New Energy [2] - In October 2024, CATL entered into a large supply contract with Spanish renewable energy developer Grenergy to provide 1.25GWh of EnerX battery storage systems for a project in Chile [2]