Funeng Technology: All system products have already exceeded the new national standards for batteries ahead of schedule.

Futech recently stated at a performance briefing that all of the company's products can meet the requirements of the new national standard for batteries by 2025, which includes being able to endure 24 hours without catching fire or exploding after overheating. In terms of competitive landscape, the implementation of the new national standard is of great significance for industry supply-side reform. Currently, only a few top battery manufacturers can meet this standard, which helps accelerate the clearance of production capacity of smaller companies in the industry, presenting important market opportunities for the company. In terms of product trends, the company is seeing an increasing acceptance of downstream customers for solid-state batteries, with safety requirements being enhanced under the background of the new national standard, which will further catalyze the commercial application of solid-state batteries.