At present, the sodium ion battery of the polyanion system we have developed has reached more than 6,000 cycles, the sodium ion battery of the layered oxide system has been delivered to the car factory for loading and testing, and the research and development of the cathode material of the sodium battery is also proceeding smoothly. Continuous iterative optimization.

Secondly, our production line is under construction and is expected to be put into operation in the third quarter of this year, and can contribute part of the production capacity in the fourth quarter. In addition, due to the sharp drop in the price of lithium carbonate, the production cost of lithium batteries has dropped, which will be beneficial to stimulate the electric vehicle industry. Moreover, as the price of the main raw materials for lithium batteries declines, the demand for lithium batteries will further increase in the future, and the market size is expected to continue to expand.