Automotive Industry Report

 According to data released by the China Automotive Power Battery Industry Innovation Alliance, in October, China's load of power batteries was 30.5GWh, up 98.1% year on year and down 3.5% month on month. The loading capacity of ternary battery was 10.8GWh, accounting for 35.4% of the total loading capacity, with a year-on-year growth of 55.2% and a quarter-on-quarter decrease of 3.5%. Lithium iron phosphate battery Recently, Top Group announced that recently, The Company has signed the Investment Agreement (hereinafter referred to as the Agreement) with the Management Committee of Huzhou Changxing Economic and Technological Development Zone. The company plans to invest no less than 2 billion yuan in Changxing Economic and Technological Development Zone, and the planned land scale is about 200 mu to build the new energy vehicle core.