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[YesAuto Industry] On June 5, Guoxuan Hi-Tech announced that the company’s wholly-owned subsidiary Hefei Guoxuan Hi-Tech Power Energy Co., Ltd. (“Hefei Guoxuan”) and Huawei Technologies Co., Ltd. (“Huawei”) Shenzhen Longgang signed the “Lithium Battery Supplier Procurement Cooperation Agreement”, and the two parties will use their respective industry advantages to carry out strategic cooperation in the field of lithium batteries.

According to the agreement, Huawei will be committed to the market expansion of lithium battery products and the research of required solutions, product development and system integration. According to market demand, Huawei will provide the technical specifications of the required lithium battery products and be responsible for the market competitiveness of products and solutions. .

Hefei Guoxuan will devote itself to the technical research and product development of the batteries required by Huawei, engage in the manufacturing and delivery of battery cell products, ensure that the quality and price are competitive, and be responsible for the quality, performance and price of the battery cell products.

Guoxuan High-Tech stated that this cooperation is conducive to further expanding the company's lithium battery business field and enriching the company's power lithium battery product structure. This cooperation is in line with the company's business development and strategic planning, has a positive effect on the company's future improvement of product technology, is conducive to enhancing the company's product competitiveness, and is in the interests of all shareholders of the company.