CATL Endorses Industry Initiative on Battery Supplier Payment Standards

On June 29, the China Automotive Power Battery Industry Innovation Alliance and the Zhongguancun Energy Storage Industry Technology Alliance jointly issued the "Initiative on Standardizing Payment Practices for Suppliers by Power and Energy Storage Battery Enterprises." CATL expressed its strong support for the initiative, emphasizing that a healthy and stable industrial chain is the foundation for high-quality industry development. The company stated that maintaining a fair and trustworthy market environment and safeguarding suppliers' legitimate rights and interests are part of its responsibilities. CATL pledged to uphold the spirit of the initiative and work with partners across the industrial chain to build an ecosystem based on integrity, compliance, mutual growth, and shared success, thereby promoting high-quality and sustainable development of the power and energy storage battery industry.