How does the company view the problem of overcapacity in the wind, solar, storage, lithium battery and other industries?

CATL: Dear investors, high-quality production capacity has always been scarce. The production capacity of different lithium battery companies is significantly different, and the differences mainly come from the company's technological innovation, manufacturing capabilities, management level, etc. Power batteries have extremely high requirements for safety and quality. The production of inferior power batteries has a great impact on the industry, not only affecting the safety of consumers, but also wasting resources for the entire industry. Thank you for your attention.