The Group will seize new industry opportunities brought by the country’s “dual-carbon” strategy with yet greater determination and enthusiasm. Focusing on “new technologies, new materials and new products”, it will continue to innovate in such key technological areas as new energy batteries, key materials and high safety technologies, aiming to reach new heights and open new chapter of development.

During the first half of 2024, the Group spent approximately RMB556 million on R&D, equivalent to approximately 2.6% of the Group’s total revenue. As at 30 June 2024, the Group had employed more than 20 renowned experts from in and outside the country as staff.

In addition, the Group was included into the “First Batch of Benchmark Teaching Sites for Enterprise Operation and Management Talent in the Quality Improvement Projects” by MIIT and was also named among the “Top 10 Enterprises with Strong Talent Pipelines” in Huzhou, the PRC. The Group is also a National Model Enterprise of Technological Innovation and a National Model Enterprise of Intellectual Property and has established R&D platforms including a nationally-recognised enterprise technology center, a nationally-accredited laboratory, a national environmental protection engineering technology center, a provincial key enterprise research institute, an academician workstation, a national post-doctoral scientific research workstation, and a national environmental protection lead-acid battery production and recycling pollution prevention engineering technology center, as well as a number of technology R&D centers overseas.