[Geely responds to CATL’s acquisition of battery company: It has not given up on battery self-research "8.5 billion yuan investment" is untrue] September 16th. Recently, the State Administration for Market Regulation disclosed the "List of Unconditionally Approved Cases of Concentration of Operators from August 31 to September 6, 2026". The case of CATL New Energy Technology Co., Ltd.'s acquisition of the equity of Chongqing Yaoning New Energy Technology Co., Ltd. is on September 3. The operators participating in the concentration are CATL and Jikrypton Automobile (Shanghai) Co., Ltd. On September 16, Geely responded that Yaoning is a newly built factory. Don’t mistakenly think that Geely will no longer develop its own batteries or give up on self-developed batteries because of Yaoning. Geely stated that the relevant cooperation is only part of the strategic cooperation between Geely and outstanding external battery manufacturers, and does not mean that Geely abandons self-research or lowers the proportion of self-research. “This is just a small move in the entire Geely battery strategy, and everyone must not misunderstand this part. "In addition, in response to the "8.5 billion yuan" investment statement circulating on the Internet, Geely clearly denied: "There is no such thing as 8.5 billion, and I don't know where this 8.5 billion came from. He speculated that it may be a comprehensive assessment including land price and other factors, but reporting this as the total investment is a serious error. He said that there is no such thing as a total investment of 8.5 billion yuan. Geely emphasized that the company will continue to adhere to the core position of self-developed batteries, while ensuring supply chain security through joint ventures, outsourcing and other methods. It is hoped that the outside world will not over-interpret this Chongqing Yaoning equity transaction. (Beijing News)