CATL New Energy Technology Co., Ltd. held the 26th meeting of the first board of directors on July 9, 2018, and reviewed and approved the "Proposal on Building a European Production and R&D Base" and agreed to build a power battery production and R&D base in Europe. The estimated investment amount is 240 million euros. Based on the development status of overseas business and changes in market demand, in order to further deepen the company's global strategic industrial layout, the fourth meeting of the company's second board of directors reviewed and approved the "About the Increase of European Production and R&D Base Projects" on June 25, 2019. Investment Bill", agreeing to expand the scale of investment in European production and R&D base projects. After the increase, the total investment in the project will not exceed 1.8 billion euros.

　　The project is located in Erfurt, Thuringia, Germany. The total project investment does not exceed 1.8 billion euros (including the original estimated investment of 240 million euros. The final total project investment is subject to the actual investment). It will build a lithium-ion power battery production base and lithium-ion power battery production base. Battery R&D and Testing Center.

　　CATL stated that this investment in the European production and R&D base project will further enhance the production capacity and R&D capabilities of the European production and R&D base. After the completion of the project construction, it will help optimize the company's global production layout and be in line with the company's international strategic planning and long-term development.

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