Ningde Times Technology Replacement Business General Manager Yang Jue: The energy storage industry is facing significant challenges, with nearly the entire industry operating at a loss.

Yang Jun, General Manager of CATL's Battery Swap Business, stated that one of the upgrades in the "Super Swap Integration" plan is to improve resource utilization. "The energy storage industry is facing great challenges today, with almost the entire industry operating at a loss and very low utilization rates." Yang Jun admitted that on one hand, there is a huge demand from consumers, but on the other hand, suppliers have very low utilization rates, creating a somewhat unusual industrial situation.