CATL: Capacity Utilization to Remain High, Stay Healthy

The signal here is less about utilization and more about the sequencing: CATL is describing capacity additions that relieved tightness while demand still grew, which implies the new lines were absorbed rather than left idle. That matters for the battery supply chain and for anyone tracking how quickly planned capacity translates into output without eroding pricing power. The open question is whether the "healthy" framing survives the next leg of demand growth — utilization staying high while new capacity keeps landing is the balance to watch.