Ruipu Lanjun's power battery business in 2023 will be mainly lithium iron phosphate, with customers concentrated in SAIC

In 2023, Ruipu Lanjun's power battery business will mainly focus on lithium iron phosphate, with its main customers concentrated in SAIC, and its products mainly for Class A and below models. However, due to the low power distribution per vehicle, low unit price and low profit, the profitability of this business has been affected.