The first flight new energy: The company has signed a long-term supply agreement with a core battery cell supplier to lock in the supply volume ahead of time.

The first flight of Xinneng recently stated during an institutional survey that the company has signed long-term supply agreements with core battery suppliers, locking in the supply volume in advance. As of now, the company has not experienced any production interruptions or delivery delays due to tight battery supply. Due to factors such as market competition, the pressure of rising costs from raw materials such as batteries is difficult to fully pass on to downstream customers. The company will continue to reduce costs and increase efficiency through research and development, design, and manufacturing processes, as well as increase product added value, in order to partially absorb the impact of rising raw material prices.