In recent years, new energy vehicles have developed rapidly, as the main source of power for electric vehicles, new EV batteries are an important key component to promote the development of new energy vehicles. Great Power's new EV battery has gone through a long development process, so there is no need to worry about the quality. In 2002, Great Power took the lead in owning the patent of lithium-ion soft-pack polymer battery, laying the foundation for the industry's lithium-ion application.
The upstream of new EV batteries are battery materials, and the direct material cost accounts for more than 80% of the cost of power battery cells. Therefore, battery materials are one of the keys to battery cost reduction. Great Power has established a complete and reliable supply chain system and equipment system to guarantee the quality of new energy battery products.
Great Power has a very strong efficiency advantage in the management, structure, company relations, and the main business system and mechanism, which plays a core role in the company's new energy battery innovation, expansion, cost reduction, research and development, and supporting facilities. The resulting production capacity, cost, and R&D iterations can be solidified as core competitiveness.
The fast charging function is gradually becoming the standard of new energy mid-to-high-end models, fast charging technology is also becoming the focus of a new round of competition for new EV battery manufacturers, and fast charging of power batteries has become a new "trend" in the new energy industry.
When the new EV battery is fully charged, it will stop charging by itself and protect the battery.
In 2018, Great Power's new energy EV battery capacity was 5.8gwh, in 2019, it was 9.5gwh, and in 2020, it was 11gwh. Every year, Great Power's new EV battery production capacity is continuously increasing. Therefore, Great Power's production strength should not be underestimated.
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