On July 9, CATL (hereinafter referred to as "CATL") and the state government of Thuringia, Germany signed an investment agreement. CATL will invest 240 million euros to build a battery production base and an intelligent manufacturing technology center. The products will be matched with world-renowned car companies such as BMW, Volkswagen, Daimler, Jaguar Land Rover, and pSA. On July 17, CATL announced that it will deepen strategic cooperation with BMW Brilliance and sign a "Strategic Cooperation A