Camel shares: received the German BMW 12V auxiliary lithium battery system project fixed point letter

Jiwei Network news, on the evening of January 24, Camel issued an announcement that the company's wholly-owned subsidiary Camel Group Battery Sales Co., Ltd. (hereinafter referred to as "Battery Sales Company") recently received a fixed-point letter from the German BMW Automotive Group (hereinafter referred to as "German BMW") 12V auxiliary lithium battery system project, and the battery sales company will become the supplier of its 12V auxiliary lithium battery power supply system.

It is understood that according to the customer plan, the project cycle is 7 years, is expected to achieve mass production in 2025, the whole life cycle is estimated to sell 3.4 million-4.7 million sets of 12V auxiliary lithium battery power supply system.

Camel shares said that the company's existing products mainly include lead-acid batteries, recycled lead and lithium batteries, and the current low-voltage lithium battery products account for a small proportion of the company's total operating income. The automotive low-voltage lithium battery business is the company's strategic business. After several rounds of bidding, the company successfully obtained the mass production point of the German BMW 12V auxiliary lithium battery system project, which deepened the cooperation between the company and bmw in Germany, which is an important achievement of the company in the global high-end automobile market, which is conducive to further consolidating the company's market position in the field of automotive low-voltage batteries.

However, Camel shares also mentioned in the risk reminder that the fixed-point letter does not constitute an order or sales contract, the actual supply volume needs to be subject to the formal order or sales contract, in addition, the implementation cycle of the entire project is relatively long, and the overall situation of the automobile market, the national macroeconomic situation and other factors may affect the production plan and procurement demand of the main engine plant, which in turn will bring uncertainty to the supply; although both parties to the contract have the ability to perform, in the process of contract performance, there may be obstacles due to product development, Due to the adjustment of the business of the main engine factory or force majeure, the project is postponed, changed, suspended or terminated. (Proofreading/New)