On July 4, 2024, the SVOLT Global Partners Summit commences in Jintan, Changzhou. With the theme "Share The Same Fate For A Brighter Future," the summit aims to share SVOLT's 2024 strategic plans and business deployments. Focusing on new strategic cooperation initiatives, SVOLT is dedicated to building a competitive, resilient, and green sustainable supply chain, achieving collaboration, co-creation, and mutual benefits within the lithium battery industry chain. SVOLT's Chairman and CEO, Yang Hongxin, along with other members of management team, gather with partners from across the country to discuss the path to sustainable development and mutual success in the lithium battery industry chain.

At the summit, leaders of various business units at SVOLT comprehensively review and analyze SVOLT's significant achievements in business strategy, core technologies, and domestic and international delivery capabilities. They also reflect on and planned the company's long-term development strategy in light of current industry trends in energy storage and EV, as well as the global energy market situation. SVOLT is committed to implementing cost reduction, efficiency improvement, technological innovation, and open-source initiatives to optimize its existing industrial layout, expand into overseas markets, and achieve sustainable, mutually beneficial development with its partners.

Yang Hongxin first shares SVOLT's strategic thinking and approach for 2024. Against the backdrop of intensified competition in the lithium battery sector, SVOLT seizes opportunities in the PHEV and fast-charging segments, launching highly competitive products to further amplify its advantages. Yang Hongxin indicates that in terms of expanding external markets, SVOLT will continue to focus on the hybrid market, increase its overseas market presence, accelerate the introduction of fast-charging products, and seek opportunities amidst industry consolidation. Internally, SVOLT aims to operate steadily through business focus, cost reduction and efficiency enhancement, quality improvement, and technological innovation.

Yang Hongxin states that SVOLT has placed high importance on product technology research and development since its inception. From being a pioneer to a leader in fly-stacking short blade cells, SVOLT has established industry consensus with its strengths in high safety, long lifespan, and high consistency. In 2024, SVOLT will accelerate the introduction pace of fast-charging short blade cells around its strategy of large-scale single-product blades, stacking routes, and technological leadership, leveraging its advantage in product technology to address industry consolidation.

During the procurement strategy session, Zhao An, Vice President of Procurement at SVOLT, emphasizes that cost reduction and efficiency enhancement will remain the main theme in the lithium battery industry for the upcoming years. SVOLT will enhance its materials control functions and supplier management, focusing on performance and quality to build a green supply chain. The company will implement agreements and internal control mechanisms to ensure integrity, transparency, and ethical procurement practices throughout its production and supply processes.

In the strategy session for EV battery sales, SVOLT's Senior Vice President, Quan Suhan, highlights that SVOLT has expanded its customer base to over 30 companies. In addition to BMW MINI and Stellantis, which have already begun mass production, new overseas customers include the UK clean energy company WAE, industrial energy storage company Enersys, and North American machinery company Caterpillar. With strong support from multiple high-quality clients, SVOLT achieved a cumulative shipment of 8.6 GWh in power batteries in the first half of 2024, firmly placing it among the top six domestic manufacturers in terms of installed capacity.

In the energy storage sales strategy session, Dong Bo, General Manager of the Energy Storage Sales Center, believes that 2024 is a pivotal year with both opportunities and challenges in the energy storage sector. SVOLT focuses on safety as the cornerstone of its energy storage efforts, ensuring integrated safety in cell safety, thermal management, and electrical safety. This approach aims to reduce system costs, increase battery capacity, and effectively enhance competitiveness within the industry. As of the first half of 2024, SVOLT's full-stack energy storage products have covered global markets. The company has also partnered with multiple energy enterprises in Europe and the United States on technology and product collaborations. SVOLT aims to integrate environmental adaptability and digital empowerment capabilities, providing a full range of energy storage system products and comprehensive solutions for various scenarios in both domestic and international markets in the future.

SVOLT, as a pioneering high-tech leader in the global energy interconnection field, has demonstrated industry-leading strength over the years in product technology innovation, market penetration, and strategic positioning. The "Short Blade + Fly Stacking" technology has enabled SVOLT to create a series of high-efficiency, high-quality products, earning the trust of numerous automotive manufacturers in the field of EV batteries. Meanwhile, SVOLT continues to deepen its presence in the energy storage battery market by adopting automotive-grade standards. It provides comprehensive energy storage solutions tailored for power generation, industrial and commercial applications, and residential use through its Short-Blade technology. In its corporate operational strategy, SVOLT adheres to continuous technological innovation, development of high-profit businesses, and rational resource allocation to achieve sustainable, healthy, and mutually beneficial development across its industry chain.

With the successful convening of the Supplier Conference, SVOLT will closely collaborate with all suppliers moving forward, building on our existing partnerships to achieve mutual success. Together, we will contribute significantly to the advancement of the green and low-carbon industry with concerted efforts.