Hunan Yuneng's downstream customers of lithium iron phosphate are mainly BYD and CATL

The downstream customers of lithium iron phosphate of Hunan Yuneng New Energy Battery Materials Co., Ltd. are mainly BYD and CATL. In 2023, the sales volume of these two major customers accounted for 76.7%. The sales volume of other customers such as Yiwei Lithium Energy, Haichen Energy Storage, Envision Power, and Ruipu Energy has increased to 23.29%.