The profitability of the power battery sector is expected to show a stable upward trend in the second half of the year.

Yiwei Lithium Energy stated during a conference call that the company's power battery products gradually increased delivery to international automakers in the second quarter of this year, with a significant improvement in gross profit margin. The gross profit margin of the power battery sector in the first half of the year reached 17.60%, a significant improvement compared to 11.45% in the same period last year. It is expected that the third quarter will continue to be in a stable delivery state. The company has renovated some production lines in the past, and the renovated lines started to produce and deliver in July this year. The profitability of the power battery sector is expected to show a stable upward trend in the second half of the year.