[CATL Responds to 'Investors' Concerns About Next Year's Industry Demand': Industry Demand in 2027 Remains Promising, Not as Pessimistic as Market Expectations] Golden Finance reports that some investors have recently expressed concerns about next year's demand in the new energy industry. In response, CATL stated that, from the company's perspective, industry demand in 2027 remains promising. Regarding domestic passenger vehicles, although overall passenger vehicle sales have declined this year, the electrification rate is rapidly increasing, and the battery capacity per vehicle is also rising quickly. As a result, the growth rate of power batteries for domestic new energy passenger vehicles has still achieved positive growth. The electrification rate of domestic new energy commercial vehicles is also increasing rapidly. In Europe, the electrification trend is consistent, with competitive new models being launched continuously. The electrification potential in other markets may be underestimated by the market.