Pulite subsidiary Haisida Power signed a purchase and sales contract of no less than 1.5GWh sodium-ion batteries

With the rapid development of the new energy industry, the research and development and industrialization of new batteries are important development paths. Sodium-ion batteries, due to their rich resources, high safety, good low-temperature performance, and obvious cost advantages, will be the first to replace the market share of lead-acid batteries and realize lead-free low-speed electric vehicles and energy storage. They are also expected to become an important supplement to lithium battery systems in household energy storage, industrial and commercial energy storage and other cost-sensitive and safety-demanding occasions, and have broad market space.

Haisida and Shanghai Pingye have signed a purchase and sales framework contract for sodium battery products with a total volume of no less than 1.5GWh. The products will be delivered in batches from May 2024 to December 2026. The products will eventually be mainly used in the world's major well-known electric forklifts, low-speed vehicles, functional vehicles and other fields. The two parties will leverage their respective advantages and work closely together to jointly develop the global special vehicle market.

Haisida, a holding subsidiary of Shanghai Prilite Composite Materials Co., Ltd. (hereinafter referred to as the "Company"), is an excellent domestic new energy battery manufacturer, focusing on the research and development and production of new energy lithium-ion batteries, sodium-ion batteries and other new battery products, and has large-scale and high-quality battery cell production and manufacturing capabilities.

In order to further promote the large-scale application of sodium-ion batteries in the field of new energy, Haisida has long been focusing on the development and promotion of the diversified development of sodium-ion battery products, and has established cooperation with many core upstream material suppliers and downstream customers of sodium-ion batteries in the industry.

All-round strategic cooperation. All parties jointly build a complete sodium-ion battery product supply chain system and promote the comprehensive application of sodium-ion battery products.

The purchase and sales framework contract signed between Haisida and Shanghai Pingye indicates that the company's sodium-ion batteries have entered the stage of mass production and sales, and the sodium-ion battery industry will gradually enter the era of large-scale application. At the same time, it is also of great significance to the company's industry position in sodium-ion batteries and its core competitiveness in the field of new energy batteries, laying a profound foundation for the larger-scale commercial application of the company's sodium-ion products, and also bringing more positive effects to the large-scale application of the company's sodium-ion batteries in other scenarios such as energy storage, base station power supply, two-wheel vehicles, and new energy vehicles.