Guoxuan High-Tech: It is expected that the company's sales volume will continue to grow in 2026.

Guoxuan High-tech stated in a phone conference on April 30 that by 2025, the company's total output of power and energy storage is expected to reach about 100GWh, a year-on-year increase of 57%. Benefiting from strong demand in the power and energy storage market, as well as increased demand for power batteries from core customers such as Volkswagen Group, the company expects its output to continue to grow in 2026. In addition, the company mentioned that since the fourth quarter of last year, upstream raw materials have seen a general increase. In the short term, profitability is under pressure due to rising material costs, but with the implementation of a linkage mechanism, profitability is expected to gradually recover in the second half of the year.