Farasis Energy has suffered a cumulative loss of nearly 4 billion yuan for four consecutive years, but the outlook is promising

Although Farasis Energy's development in the high-nickel ternary + soft-pack battery technology route has not been smooth, and it has accumulated losses of nearly 4 billion yuan for four consecutive years, with the rise of semi-solid batteries, high-performance tools and low-altitude markets, the company's losses in the first three quarters of 2024 have narrowed to 304 million yuan, and its gross profit margin has increased by nearly 7 percentage points compared with 2023.