Guoxuan Hi-Tech: Supporting Volkswagen standard batteries have completed research and development, technical evaluation and audit

Jiwei network news, recently, a number of investors on the interactive platform asked "your battery supporting Volkswagen electric vehicles, when can it be realized?" Say 2022 before the fixed increase review, say 2023 before the fixed increase, and say 2024 after the fixed increase, is your company unreliable, or is the public unreliable? In this regard, Guoxuan Hi-Tech replied on January 5 that the company's standard battery cell development project is progressing smoothly, and has completed research and development, technical evaluation and audit, etc. Considering that the standard battery cell will be equipped with more Volkswagen models in the future, it is necessary to consider specifications, electric energy and other indicators, and the sample research and development and certification cycle is relatively long. The company in accordance with the agreement, and combined with the actual needs of customers in an orderly scheduling, delivery, the relevant progress please follow the subsequent public disclosure of information shall prevail.

Guoxuan Hi-Tech also said that the company's largest shareholder is Volkswagen (China) Investment Co., Ltd. The company's standard battery development project supporting the Volkswagen Group is progressing smoothly, and the standard battery cell is a square battery, which is suitable for Volkswagen's next-generation mass production model, can be applied to various chemical systems, and can be compatible with future products and production innovations. The company will maintain close exchanges and communication with Volkswagen, combined with Volkswagen's vehicle planning schedule, and strive to achieve loading applications as soon as possible.

At present, due to the rapid development of China's new energy automobile industry, the demand for power batteries is also increasing, and the main domestic power battery companies are expanding their production capacity on a large scale this year. There is currently a lot of gap between the market size of Guan Guoxuan Hi-Tech and the two leading enterprises of Ningde Times and BYD, but Guoxuan Hi-Tech has great growth potential, and one of the important sources will be Volkswagen Group. Volkswagen currently holds 26.47% of the company's shares. According to the Shareholders' Agreement signed by Volkswagen China and Zhuhai Guoxuan, the controlling shareholder of the Company, Li Jian, the actual controller, and Li Chen, the co-actor, the completion of the offering will not lead to a change in the control of the Company.

According to public information, Guoxuan Hi-Tech was established in 1995, the business scope is lithium-ion batteries and their materials, batteries, motors and vehicle control systems research and development, manufacturing and sales; lithium-ion battery emergency power supply, energy storage battery, power tool battery research and development, manufacturing and sales; high and low voltage switches and complete sets of equipment, digital electrical equipment, distribution network intelligent equipment and components. Guoxuan Hi-Tech's main business has two major business segments: power lithium batteries and power transmission and distribution equipment, and the main products are power lithium battery products, transmission and distribution products, etc.

Guoxuan Hi-Tech's current main products are lithium iron phosphate materials and batteries, ternary materials and batteries, power battery packs, battery management systems and energy storage battery packs, etc., and many new energy vehicle enterprises at home and abroad and energy storage customers have established long-term strategic cooperative relations, and the products are widely used in pure electric commercial vehicles, passenger cars, special vehicles, hybrid vehicles and energy storage and other new energy fields. (Proofreading/Andy)