Future development strategy of Power Source Technology

The future development strategy of Power Source Technology mainly includes three aspects. First, they will continue to invest in engineering, design and development. Currently, there are 375 engineering, design and development teams in China, the United States and India, accounting for 31.6% of the total number of employees. Secondly, they will improve their manufacturing capabilities and automation levels. The current manufacturing capacity is 900,000, and it is expected to increase to 1.8 million electric vehicle systems by the end of 2026. Finally, they will expand their product portfolio, including incorporating large-size batteries into the bipolar packaging structure technology BEST platform, and incorporating ternary square and soft-pack batteries into the multi-functional integrated structure technology MUST platform. In addition, they will also expand overseas markets that are underserved but have huge growth potential, such as India and the United States.