Recently, KeXiang Co., Ltd. announced that it intends to sign the "KeXiang 8GWH Sodium Ion Battery and Related Products Project Investment Agreement" with the Business Environment and Investment Promotion Bureau of the Management Committee of Huizhou Daya Bay Economic and Technological Development Zone, and invest in the construction of the "KeXiang 8GWH Sodium Ion Battery and Related Products Project" in Huizhou Daya Bay Economic and Technological Development Zone.

According to the commitment information of KeXiang Co., Ltd., the total investment of the project (including land transfer fee) is 2 billion yuan, of which the fixed asset investment (factory, infrastructure and equipment, etc.) is 1.7 billion yuan. It will produce sodium ion batteries and related business products of the Group, with an annual capacity of 8GWH sodium ion batteries, etc. After completion and reaching full production, the annual output value/revenue will be 4 billion yuan, and the annual tax will be 125 million yuan.