On March 18, in response to investor inquiries regarding the sharp rise in raw material prices, notably lithium carbonate, and the potential impact of adverse factors—such as the cancellation or reduction of state subsidies for electric vehicles and battery export tax rebates—on its operations, CATL clarified on its interactive platform that the company has established a robust upstream resource layout. Furthermore, it has implemented a range of measures to safeguard the stability of its supply chain and secure cost advantages. Concurrently, with the progressive rollout of products like sodium-ion batteries, CATL aims to diminish its dependence on resources such as lithium. Additionally, the current subsidy policy for electric vehicles leans towards mid-to-high-end models, a trend that is expected to enhance the market performance of CATL's premium offerings. Moreover, adjustments in export tax rebate policies are anticipated to foster the long-term, high-quality development of the industry and its leading players.