On November 21, Tianpeng Power held a groundbreaking ceremony for its factory project in Malaysia. After the completion of the Tianpeng Power Malaysia factory, it is expected that the initial production capacity will mainly focus on 21700 and 18650 lithium-ion cylindrical batteries, targeting overseas customers in the fields of electric tools, smart mobility, clean appliances, and household energy storage. The completion of the factory will help Tianpeng Power accelerate its brand expansion plan for overseas markets, and the Malaysia factory is expected to start production in the third quarter of 2025.