"Lithium battery industry remains strong in the off season"

"In the past, the first quarter was the off-season, but this year the production schedule in the first quarter was almost not much lower than the fourth quarter of last year," said a listed company on the lithium battery industry chain. From the perspective of shipments, energy storage batteries have become the strongest growth pole in the lithium battery industry; as the foundation of the lithium battery market, power batteries have also achieved steady growth. Since the outbreak in the second half of last year, the demand for energy storage batteries in the first quarter has accelerated, with shipments surpassing the fourth quarter of last year, becoming the strongest growth pole in the lithium battery industry. At the same time, power batteries, as the foundation of the lithium battery market, have also achieved steady growth, with overseas sales and the increase in per-vehicle battery capacity becoming optimistic points. The industry's prosperity is intuitively reflected in the first quarter reports of companies: Contemporary Amperex Technology Co., Ltd. (CATL) exceeded expectations, with a year-on-year increase of 48.52% in net profit attributable to the parent in the first quarter; many companies turned losses into profits. Looking ahead to the whole year, the lithium battery companies and experts interviewed agree that the high growth theme of energy storage will run throughout the year. The driving force comes from the simultaneous outbreak of the domestic and foreign markets. At the same time, a new round of expansion in the lithium battery industry is taking place. According to LYG Company, this round of expansion is expected to last two to three years, with 2026 to 2028 being the key stage for equipment orders to be delivered."