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According to public information, Liuzhou Guoxuan was established on June 30, 2020, with a joint investment of 150 million yuan from Hefei Guoxuan and Liuzhou Investment. Among them, Hefei Guoxuan invested 100 million yuan with its own funds, accounting for 66.67% of the registered capital of Liuzhou Guoxuan; Liuzhou invested 50 million yuan, accounting for 33.33% of the registered capital of Liuzhou Guoxuan.

From its establishment to the groundbreaking of the 10GWh power lithium battery project, Liuzhou Guoxuan has achieved a rapid pace. In fact, the rapid progress of this project is of great significance to Guoxuan High Tech.

On the one hand, with the participation of the public, Guoxuan High Tech, which is not short of money, must quickly take action to reverse the decline. For example, from the landing of the 30000 ton high nickel ternary cathode material project on July 16th, to the groundbreaking of the Liuzhou Guoxuan 10GWh power lithium battery project; From receiving rectification orders and inquiry letters to timely responses, we can see the rapid response of Guoxuan High Tech after poor performance in the first half of the year.

On the other hand, Guoxuan is currently an important battery supplier for the Hongguang MiniEV, a subsidiary of SAIC GM Wuling. As a brand new pure electric micro passenger vehicle, the Hongguang MINIEV has received nearly 20000 orders for pre-sales just over a month ago. It is reported that Guoxuan High Tech has been supplying the Wuling Hongguang MINI since May, reaching 180000 cells in June and expected to reach 300000 cells in July. The demands of downstream customers force Guoxuan High Tech to come up with better and stronger supporting products as soon as possible.

In addition, as one of the five major automobile production bases in China, the new energy vehicle industry in Liuzhou has developed rapidly, and the promotion and application of Baojun new energy vehicle models is known as the "Liuzhou model". Liuzhou is also vigorously promoting a series of measures such as car purchase subsidies, charging discounts, parking discounts, and charging station construction for new energy vehicles, in order to build a convenient consumption ecology for the use of new energy vehicles. From this, it can be seen that the efforts of Liuzhou Guoxuan are just right.

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