Investors will record | REPT BATTERO (00666): Dual-drive strategy proves effective, with both power and energy storage battery shipments exceeding industry standards.

On September 12th, REPT BATTERO (00666) held an investor presentation in Hong Kong. The company's Chairman Cao Hui, non-executive director Xiang Yangyang, executive director and Company Secretary Wu Yanjun, and executive director and CFO Huang Jiehua attended the meeting. During the meeting, Chairman Cao Hui pointed out that under the "dual-carbon" policy, the global new energy vehicle and energy storage market is experiencing strong growth. In the first half of the year, REPT BATTERO's total sales volume of lithium-ion batteries increased by 100.2% year-on-year, with energy storage battery shipments increasing by 119.3% and power batteries by 78.5%. The company ranks fifth in global energy storage cell shipments, first in household energy storage shipments globally, and second in domestic heavy-duty truck and electric heavy-duty truck installations. Cao Hui emphasized that the company's core competitive strength lies in technological innovation. In the field of power batteries, REPT BATTERO has established stable cooperation with several well-known domestic and foreign car manufacturers, and has achieved market breakthroughs in the energy storage field through innovative cell structures and safety testing. In the future, the company will continue to develop the next generation of energy storage cells based on the "ask-the-top technology", deepen industrial chain collaboration, ensure material supply, accelerate global expansion, enhance brand influence, and support global demand for high-performance batteries. Executive director and Company Secretary Wu Yanjun introduced REPT BATTERO's vision and strategic positioning. The company is committed to becoming the world's leading provider of new energy products and solutions, offering customers high cost-effective and sustainable energy products through ultimate manufacturing capabilities and technological innovation. In terms of development history, the company was established in 2017, produced its first battery in 2018, began mass production in 2021, listed on the Hong Kong Stock Exchange in 2023, and achieved significant breakthroughs in the first half of 2025, such as global household energy storage shipments ranking first and domestic electric heavy-duty truck installations ranking second. The company has already established four major production bases in Wenzhou, Jiashan, Liuzhou, and Foshan, three major research and development centers in Shanghai, Wenzhou, and Jiashan, and plans for bases in Chongqing and Indonesia to meet domestic and international customer demands. In terms of product and technology layout, REPT BATTERO has developed a dual-wheel drive layout for power and energy storage products: In terms of power batteries, the company distinguishes between passenger cars and commercial vehicles, covering purely electric and hybrid scenarios, with cell energy density exceeding 200Wh/kg, passenger car cycle life exceeding 4000 weeks, and commercial vehicle reaching between 6000-8000 weeks. The product range covers 54Ah-230Ah, suitable for all scenarios from A-class vehicles to heavy-duty trucks; the battery system supports fast charging of 6C or higher through advanced thermal management technology, with excellent high-voltage safety performance. There has been a breakthrough in ternary batteries in the commercial vehicle sector (such as pure electric heavy-duty trucks), with a supporting ultra-safe electrical isolation system. Regarding energy storage batteries, REPT BATTERO covers household (50Ah-100Ah), commercial and industrial, and large-scale power storage (280Ah-320Ah, and developing 500+Ah). In terms of energy storage systems, the Powtrix 3.0 series will be launched in the second half of the year, with container energy increasing from 3.75MWh to 6.26MWh, supporting zero attenuation over 5 years, and meeting European and American safety standards. In the ultra-long-life energy storage field, the company's production products can achieve 8000-12000 cycle life, with a lifespan of 20 years. The target for research and development products is to exceed 12,000-18,000 cycles. At the technological level, the company relies on six core technologies such as "ask-top technology", "high-conductivity solid-liquid technology", and "internal circulating self-balancing technology" to support product characteristics such as high specific energy, fast charging, long life, and high safety. The mass-produced iron phosphate lithium battery energy density is 200Wh/kg (with research of 230Wh/kg+), while the ternary battery is 280Wh/kg (with research of 300+ Wh/kg); fast charging time targets are further compressed from 10 minutes to 6-9 minutes. The "ask-top technology" aims to achieve the next breakthrough in volume energy density for iron phosphate lithium batteries to 480Wh/L through innovative ear and cap structures, and to continue advancing to 6C and pulse 12C fast charging, gradually increasing range from 700 km to 780 km. Up to now, the total shipment of products under the ask-top technology has exceeded 20GWh. In the field of electric heavy-duty trucks, the company ranked second in installations in the first half of the year domestically, and will launch a Pro version in the second half of the year, optimizing energy density and battery management systems, increasing available power (targeting 3600 kWh) and service life (targeting 2.4 million kilometers); gradually transitioning from framed to frameless battery designs and using Z-direction seamless welding technology to increase battery capacity by 13.3% and reduce height by 16%. In terms of market performance and customer cooperation, Market Director Zhang Xiaocong pointed out that the new energy industry in which the company is located is a trillion-dollar track, with the dual-wheel drive of new energy vehicles and energy storage: the domestic penetration rate of new energy vehicles is 50% (with a 40% year-on-year growth rate in the first half of the year); Europe experienced a growth rate of approximately 20% in the first half of the year; and energy storage saw a growth rate of over 100% in the first half of the year. REPT BATTERO's power battery shipments in the first half of the year increased by 78%, and energy storage shipments increased by 119.3%, outperforming the industry. On the shareholder side, Green Mountain Industry, as the world's largest stainless steel and nickel producer (ranked 247th in the Fortune Global 500), provides upstream resources guarantees such as lithium, nickel, and cobalt, and collaborates to build an ecological battery industry chain. In terms of mass production, the company's total production capacity in the first half of the year was 74GWh, with the fastest factory construction period being 10 months, cost control, and quality performance (using AI technology applications) in line with industry-leading enterprises. On the marketing side, the company insists on parallel development in the three major markets of passenger cars, commercial vehicles, and energy storage. In the second half of the year, four models with monthly sales exceeding 10,000 units will be launched for passenger cars (covering 3 car manufacturers and 4 brands), with the European market retaining double year-on-year growth; deepening cooperation with leading customers in commercial vehicles such as Yutong, FAW Jiefang Group, and Foton; and transitioning to a system solution provider for household energy storage, commercial and large-scale energy storage, with a significant increase in system shipments next year). Furthermore, according to Wu Yanjun, in the first half of 2025, the company's gross profit margin increased to 8.7%, with gross profit of 829 million yuan, achieving significant improvement, and the net loss narrowed to -6.6 million yuan, approaching breakeven. In terms of ESG, the company continues to advance ESG construction, obtaining certifications and collaborations in green manufacturing, supply chain management, employee safety, battery recycling, and strategic cooperation with Huayou and GEM Co., Ltd. Achievements include being recognized as a national green factory, listed on the Ministry of Industry and Information Technology's comprehensive utilization list for waste batteries, and receiving a Wind ESG AA rating.