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Today's Battery Magazine - Battery Alliance News On May 15th, Fujian Haiyuan Automation Machinery Co., Ltd. announced that the company has received notification of the designated location and mold opening instructions for the battery box cover project of Hefei Guoxuan High tech Power Energy Co., Ltd. It is expected to enter the mold opening stage of the project in the later stage, and gradually enter the mass production stage starting from the second half of 2018. It is expected to achieve a total sales revenue of 108 million yuan within its lifecycle.

The announcement shows that the company has been approved by Hefei Guoxuan and has become a designated supplier for its battery box cover project, gradually transitioning to the stage of mold opening and mass production, once again demonstrating the company's core competitiveness in the lightweight of new energy vehicle battery boxes and excellent market competitiveness in the automotive lightweight business.

Haiyuan Machinery stated that the project will not have a significant impact on the company's performance for the current year, but will be conducive to increasing the company's future annual business revenue and have a positive impact on the company's future operating performance. At the same time, it will have a positive impact on the company's further expansion of the automotive lightweight business market space.

According to the announcement, Hefei Guoxuan is a wholly-owned subsidiary of Guoxuan High tech Co., Ltd. It was established in May 2006 with a registered capital of RMB 1 million and is mainly engaged in the power lithium battery business. The company is one of the earliest companies in China to engage in independent research and development, production, and sales of power lithium batteries (batteries) for new energy vehicles, with core technology intellectual property rights. The company's power lithium battery pack products are the core components of new energy vehicles, widely used in the fields of pure electric commercial vehicles, passenger cars, logistics vehicles, and hybrid electric vehicles. It has established long-term strategic partnerships with important domestic new energy vehicle companies and is a leading company in the domestic lithium battery industry.

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