Recently, Narada won the bid of China Mobile procurement project of lithium iron phosphate battery products for Telecom from 2022 to 2024 with the bid amount about 234 million yuan. Successfully gaining the bidding of this project will further enhance our dominant position in the field of industrial energy storage business.

Deeply involving in the field of industrial energy storage business for many years, we have industry-leading technical advantages, and provide users with comprehensive and systematic products and solutions. In recent years, the sales of industrial energy storage business remains stable.

With 5G technology widely adopted, lithium iron phosphate batteries are becoming more and more popular. Narada studies the new requirements of the backup power system, combines with the development direction of the backup power with high energy density and high rate characteristics, continuously develops high-voltage lithium battery system solutions with backup times of 3-15 minutes, 30 minutes, and 1 hour, and becomes the first enterprise in China whose high-voltage lithium battery system passed the UL 9540A test.

In the future, we will continue to focus on the needs of global users, promote the common development of industrial energy storage both upstream and downstream with high quality industrial energy storage products and services, and create more value for global users.