Sunwoda Electric Vehicle Battery Co., Ltd. (hereinafter referred to as "Sunwoda Electric Vehicle"), a wholly-owned subsidiary of Sunwoda, has recently received the notification letter from Dongfeng Motor Corporation Passenger Vehicle Company (hereinafter referred to as "Dongfeng Passenger Vehicle"). The notification letter’s main content is that Sunwoda became the designated supplier of Dongfeng Moto E70 power battery parts to supply power battery assembly products for its E70.

Dongfeng Passenger Vehicle is currently one of the major domestic automobile manufacturing companies. Sunwoda Electric Vehicle was selected as the designated supplier of Dongfeng Passenger Vehicle E70 power battery parts, which is an important part of Sunwoda Electric Vehicle’s power battery business, and is conducive to enhancing the comprehensive competitive strength of Sunwoda in the field of power battery.

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Before the Spring Festival holiday, Sunwoda Electric Vehicle also received a notification letter from Dongfeng Liuzhou Motor Co., Ltd. (hereinafter referred to as "Dongfeng Liuzhou Motor") regarding the selection of the designated supplier for its lithium iron phosphate Lingzhi CM5EV to supply power battery assembly products.

Following the large-scale market application of ternary power battery products, Sunwoda can deliver lithium iron phosphate power battery products in batches at present. Sunwoda electric vehicle was selected as the supplier of Dongfeng Liuzhou Motor's lithium iron phosphate Lingzhi CM5EV battery pack, which is an important development of Sunwoda electric vehicle in the lithium iron phosphate electric vehicle battery business, and is conducive to enhancing the comprehensive competitive strength of Sunwoda in the field of lithium iron phosphate electric vehicle battery.