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CATL's Energy Storage Battery Business Expected to Surpass Power Battery Business
On March 10, John H. Kwon, the Global Chief Legal Counsel of CATL, stated at the 2026 International Battery Technology and Innovation Application Summit that currently, at CATL, the business ratio of power and energy storage batteries is approximately 80% to 20%. “We believe that in the next three years, this ratio will reach 50%:50%. After that, the energy storage battery business may even surpass the power battery business,” John said. (Sina Finance)