In 2023, Xinwanda's electric vehicle battery revenue will drop by 14.91%, and the energy storage system business will increase by 144.00%

In 2023, Xinwangda's electric vehicle battery business revenue reached 10.795 billion yuan, down 14.91% year-on-year. However, the company's energy storage system business achieved an operating income of 1.110 billion yuan, a year-on-year increase of 144.00%.