Congratulations on our receiving the supplier sentinel letter from the BMW Brilliance Automotive Ltd!

It means we are becoming the second supplier after CATL for BMW in China.

According to BMW Group's plan, 25 new energy vehicles will be launched before 2023. By 2025, the penetration rate of electric vehicles will reach over 25%, and the demand for power batteries will be large. Guoyuan Securities stated in a research report that our NMC power battery revenue in 2020 is expected to reach 2.55 billion yuan; it is expected that demand for Hyundai Kia and BMW will begin to increase in 2021, and NMC power battery revenue will continue to maintain high growth in 2021.