The increase in sales of new energy vehicles will definitely reduce the demand for lead-acid batteries for starting fuel vehicles

1The company not only provides starting batteries for fuel vehicles, but also 12V low-voltage batteries for new energy vehicles. The company's low-voltage battery products include lead-acid batteries and lithium batteries, which are suitable for a variety of new energy vehicles on the market and can be provided according to customer needs. The company has provided low-voltage batteries for new energy vehicles of many car companies. In terms of low-voltage lithium batteries, the company has obtained the project designation of many OEMs such as Geely and Jiangxi Isuzu, and is in the process of project contact with many OEMs. The company will continue to amplify its dominant position in the field of automotive low-voltage batteries, and strive to achieve a comprehensive market share of no less than 50% of automotive low-voltage batteries by the end of the 14th Five-Year Plan period. While the low-voltage battery continues to grow bigger and stronger, the company actively explores the energy storage business market. And according to the content of the cooperation agreement, on December 28, 2021, the wholly-owned subsidiary of Three Gorges Electric Power Company signed the procurement contract for 15MW/30MWh energy storage system and 10MW/20MWh energy storage system with the wholly-owned subsidiary of the company. Cooperation with other customers Also under negotiation. The company will take the Three Gorges project as an opportunity to strengthen its core competitiveness in market expansion, technology research and development, talent cultivation, supply chain system construction and engineering manufacturing capabilities, and make the energy storage business the company's "second growth pole".