Guoxuan High-Tech stated on January 6th on an interactive platform that the company is committed to its globalization strategy, fully advancing the construction and research and development of overseas production bases, and continuously accelerating its localization of overseas production.

Guoxuan High-Tech's four Pack factories in Germany, Indonesia, Thailand, and Silicon Valley have successfully rolled out their products. The Vietnam cell factory has commenced production. The projects for new energy battery production bases in Slovakia and Morocco are in the preparation and launch phase. Construction of other overseas bases is progressing steadily according to the company's overseas strategic plan and market expansion.

Guoxuan High-Tech reported RMB 8.381 billion in revenue for the third quarter of 2024, a year-on-year increase of 28.16%; net profit reached RMB 141 million, a year-on-year rise of 69.82%.

Guoxuan High-Tech believes in the promising prospects of the global energy storage market. With technological advancements, cost reductions, and policy support, it is expected that the energy storage market will continue to maintain a strong growth momentum. The company will also make corresponding business plans for energy storage based on the specific development situations in different global regions.