Rongtai shares becomes a new Tesla chain supplier

Rongtai Co., Ltd. has become a new supporting supplier in the Tesla chain, providing supporting services for Cyber. As the 4680 batteries are partially replaced by 2170 batteries, Cyber's production capacity bottleneck has been effectively alleviated. At present, Cyber's production has climbed to 1,400 vehicles per week, and the guidance for suppliers for the whole year has been raised to 100,000-150,000 vehicles, and related revenue expectations are expected to be revised upward.