China Association of Automobile Manufacturers: China's installed capacity of power batteries in September 2022 was 31.6GWh, a year-on-year increase of 101.6%

According to statistics and analysis by the China Association of Automobile Manufacturers, in September 2022, monthly automobile production and sales grew rapidly, showing an overall trend of "off-season is not off-season, peak season reappears", driving the industry to stabilize and rebound. At present, China's economy as a whole continues to recover and develop in a positive direction. The Party Central Committee and the State Council have promoted a package of policies to stabilize the economy and played a good role. The follow-up policies have been refined and implemented, and the implementation details have been fully released since September, which has further expanded effective demand and consolidated the foundation for economic recovery.

The development environment of the automobile industry continues to improve, and we are confident in maintaining stable growth and expectations.

Data from China Automobile Association