Leapmotor Vice President talks about battery costs

Cao Li, vice president of Leapmotor, said in an interview with the media that the company has obtained iron-lithium batteries from suppliers at a price of less than 0.4 yuan/Wh, and it is expected to drop further in the middle of the year. He believes that the price of power batteries may drop to 0.32 yuan/Wh, which is much lower than the current market average.