Shenghong Co., Ltd.: The charging and battery swap business has maintained stable growth in recent years, with the overseas market being an important growth curve for the continuous expansion of the business.

On August 14, Shenghong Co., Ltd. stated during an institutional research meeting that its charging and battery swapping business has maintained stable growth in recent years, with the overseas market being one of the important growth curves for continuous business expansion. Currently, the company has established a certain market presence in regions such as Europe and Southeast Asia, and its products have gradually passed certifications in multiple regions, laying the groundwork for entering more overseas markets. The company will actively expand into other emerging markets and set up subsidiaries and local service teams in key overseas markets to enhance product localization capabilities and after-sales response speed. As the export data for new energy vehicles continues to rise, the inventory of overseas new energy vehicles is also increasing, leading to a growing demand for charging infrastructure. With the ongoing implementation of relevant overseas policies and subsidies, the company will accelerate the launch of compatible products based on overseas customer needs and steadily expand its coverage and business scale in overseas markets.