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If we judge who is the most low-key unicorn, CATL will definitely be elected, because even at historic moments such as the bell ringing for listing, we haven't seen much movement from Ningde.

At CATL's bell ringing ceremony, Ningde's attendees were only internal managers and a few external guests. Chairman Zeng Yuqun only emphasized the need to increase innovation and research and development in his speech, which lasted for only three and a half minutes. This kind of humility and understatement does not seem like the proper behavior of a company that has long been regarded as a unicorn of billions.

But if you understand the history of Ningde, you will find that the correct bet is made on the phased direction of battery technology, allowing it to earn market dividends and quickly counterattack the industry leader. However, if there were any different choices in the past, the position of today's unicorn would probably change hands.

Throughout the entire power lithium-ion battery industry, state subsidies are about to be released when domestic batteries are taken from their cradle to stagger, allowing them to compete comprehensively with Japan and South Korea alone. The technological direction of the industry is still uncertain, and any possible technological innovation will once again cause a drastic change in the landscape.

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