Suzhou SLAC Precision Equipment (300382.SZ) plans to expand its battery component business in its U.S. subsidiary.

Announcement from Suzhou SLAC Precision Equipment (300382.SZ): After several years of transformation in the battery shell business, the company has successfully verified the feasibility of applying can-making related technologies to the field of battery structural components in China, achieving continuous growth in the battery shell business domestically. The subsidiary OKL Engineering, Inc. has been engaged in the manufacturing of can-making equipment and related components and machinery in the United States for a long time. The company plans to expand its business based on OKL, and subsequently, according to customer needs and market development, introduce a partner to establish a new holding subsidiary, invest in building related production lines, and utilize the SPE Battery registered trademark under OKL to carry out specialized production plans for square and cylindrical battery shells. Through its U.S. subsidiary, the company is now venturing into the battery structural component business in order to target the overseas market, gradually perfect its global market strategy for battery structural components, and build a diversified service system. In the future, we aim to supply products to overseas customers from a closer proximity, providing excellent service and laying a solid foundation for further expansion into the overseas market. This expansion into the overseas market can also help alleviate the intense competition in the domestic market, benefiting the company's long-term, healthy, and sustainable development.