Fujikura Technology: GAC Group designates SPS battery products, increasing market recognition.

On the evening of July 22, Founeng Technology announced that the company had received a "Designated Development Notice" for a certain model of vehicle parts from GAC Group. GAC Group has selected the company to develop and supply the battery pack assembly for this model. According to customer sales forecasts and arrangements, the company will begin supplying the product within this year. The project model will use a lithium iron phosphate battery based on the SPS super soft pack power solution design. The receipt of the Designated Development Notice from GAC Group signifies further market recognition for the company's SPS battery products.