Honeycomb Energy has won orders from many automakers and expects its installed capacity to increase significantly in 2024

Honeycomb Energy has won power battery orders for some popular models from a number of mainstream automakers, including Great Wall, Geely, Dongfeng, Lantu and Stellantis. With the further release of production base capacity and the continued expansion of its customer base, Honeycomb Energy is expected to achieve significant growth in installed capacity in 2024. According to data from the China Automotive Power Battery Industry Innovation Alliance, in the first quarter of this year, Honeycomb Energy’s domestic power battery installed capacity reached 2.92GWh, a year-on-year increase of 274%. Among them, Honeycomb Energy’s ternary power battery has an installed capacity of 2.16GWh, ranking among the top three.