Recently, Huayou New Materials Industry Group successfully signed a thousand-ton polyanionic sodium iron sulfate precursor supply agreement with Jiangsu Zoolnasm Energy Technology Co., Ltd. The signing of this agreement marks the realization of the industry's first thousand-ton polyanionic precursor material order, with Huayou leading the way in achieving commercial scale-up. This achievement is attributed to the unique cost advantages and precise application matching capabilities of Huayou's sodium iron sulfate technology.

Since the second half of 2024, the market price of lithium carbonate has once again fallen below 100,000 yuan, and the industry's financing environment has cooled down. At the same time, the new regulations for "Electric Bicycle Safety Technical Specifications" have been implemented. Under the intertwined influence of multiple external factors, various segments of the sodium battery application market are rigorously screening different sodium battery technology routes. Sodium iron sulfate technology stands out among many sodium battery technologies due to its superior safety performance and cost-effectiveness, becoming a significant force in the lightweight power scenario, replacing lithium and lead with sodium.

The successful signing of this thousand-ton order demonstrates Huayou's multiple advantages, including forward-looking planning, timely response, mature technology, and integrated resources. It reflects the high recognition by end customers of Huayou's in-depth research and implementation of sodium iron sulfate technology!

In the future, Huayou will continue to leverage the platform advantages of the industrial group, rapidly iterating and upgrading in terms of equipment, technology, process, manufacturing, and supply chain. It aims to continuously amplify its competitive advantages and market value, building an efficient and sustainable sodium iron sulfate industry ecosystem. Huayou will work together with the industry to fully promote the maturity and perfection of the sodium iron sulfate industrial chain, providing global customers with higher quality green energy solutions.