Nation's Strategic Resolve in Encouraging Renewable Energy Development Provides Compass for Industry Growth

At the Members' Passage event of the Fourth Session of the 14th National Committee of the Chinese People's Political Consultative Conference on March 4, 2026, Zeng Yuqun, Chairman of CATL (Contemporary Amperex Technology Co. Limited), emphasized that the nation's over two-decade-long strategic resolve in encouraging renewable energy development has provided clear direction for the entire industry and successfully established a complete industrial chain. He revealed that as an industry participant, CATL has invested over 20 billion CNY (approximately 2.89 billion USD) annually in research and development for more than 20 years, with its products already deployed in over 20 million vehicles. This demonstrates the crucial supporting role of policy continuity in enabling industrial scale, technological innovation, and commercial success.