CATL Says 2027 New-Energy Demand Still Worth Anticipating

CATL's response matters less as a demand forecast than as a signal that the battery maker is pushing investors to look past a soft year for overall vehicle sales toward structural drivers — electrification rate and battery capacity per vehicle — that keep domestic battery growth positive even when sales fall. That distinction frames the debate over whether this year's weakness is cyclical or transitional. The open question is whether the cited momentum in Europe and the "underestimated" markets outside China can offset a domestic market where volume growth is no longer the main lever.