Conference Transcript - CBAT 2026-03-30

Operator

Powering development with technological innovation and triggering off an energy revolution of electric power have become a priority in this new age. With a mission of Power the World for a Brighter Life, CVAK Energy Technology Incorporated has been constantly dedicated to the technical advancement of the world's new energy and environment friendly industries. Participating in the Green Energy Revolution, CBAK Energy, with a corporate history dated back in 2001, is making great efforts to explore opportunities in this spotlighted industry. From being the first to unprecedentedly industrialize the application of LFP batteries, to being the first Chinese Li-ion battery enterprise listed in Mazdaq. From building the first cylindrical battery production line in China, to taking part in a government-sponsored research project studying the application of Li-ion batteries in electric vehicles. CBAK Energy has never stopped its endeavor to pursue progress in this age holding a belief in green energy CBAK Energy has been insisting on technical innovation to power its development and participating with top-tier research institutions to support its R&D capability the considerable amount of R&D investments and a group of talents and experts with ambition to progress, have given us weapons to lead the industry's development. CBAK Energy believes that R&D efforts is market-driven, and thus puts great resources to complete and improve its automation level, polish every detail in manufacturing, and ultimately optimize our products. In an attempt to improve the overall quality, complete our product line, and align our products to the highest standard. CBAK Energy has been able to vision the development of the industry. In 2013, Dalian CBAK was founded as a massive R&D and production center to target at the high-end market. In July 2020, Nanjing CBAK was established with a nearly $200 million investment. Nanjing Manufacturing Center is equipped with a plant capacity of 18 gigawatt-hour. Both manufacturing centers are supporting CBAK Energy's presence and footprints in the global market. CBAK Energy's products are applied to both electric vehicles and light electric vehicles, energy storage sector, electric tools, and consumer electronics. The rapid advancement and the astonishing development in this industry announced to the world that an era of clean energy has already started. Immersed in the rapid development of the industry, CBAK Energy is courageously facing challenges. With its belief in Electricity Powers Infinity, we are ready for this new era.