As a battery system supplier for the German Volkswagen HEV project, Xinwangda will provide high-quality and reliable battery products for the German Volkswagen and ensure that it has made important progress in the battery business of HEV electric vehicles. This also means that Xinwangda's technical level and product performance in the field of electric vehicle batteries have been recognized by well-known customers at home and abroad, and the company's brand international popularity and competitiveness will also be enhanced.
In addition, becoming the designated supplier of Volkswagen project in Germany will further enhance Xinwangda's R&D and production capacity in the field of electric vehicle batteries and enhance the company's competitiveness in the global electric vehicle market. At the same time, it will also lay a good foundation for the company to win more overseas high-end car customers and markets.
To sum up, Xinwangda became the designated supplier of Volkswagen project in Germany, which not only affirmed the company's technical strength and product quality, but also marked a new milestone in the development of electric vehicle batteries. This will bring more opportunities and challenges for the company's future development. We expect Xinwangda to continue to maintain excellent technical level and product quality and promote the development of the electric vehicle industry.