China's new energy vehicle industry has shown rapid development in recent years. Data from theMinistry of Industry and Information Technology show that in 2021, global sales of new energy vehicles reached 6,311,200 units, an increase of 119.01% year on year.

In 2022, e-Future, with Its excellent global resource integration capability, actively expanded overseas markets against the backdrop of the global economy affected by the epidemic and won 50,000 units of orders in overseas markets.

Jiangsu Province. All 262Wh/kg (55.09Ah) soft pack batteries have passed the national strong test certification

Lithium will be the "new petrol". That sounds a bit of an exaggeration, but the shift is becoming more obvious. With the rapid growth of new energy vehicles, the global especially the Chinese market, the demand for lithium is also rapid, even crazy.

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e-Future Electric Logistics Vehicle Project Commencement Ceremony was held in Qixing Intelligent Manufacturing Industrial Park, Jiangyin, China.

Director Shin Jong-hwan, the sales director of the DV subsidiary in South Korea of Fengchuen, arrived in Brazil on July 12, and discussed the relevant market strategies of the new energy electric vehicle market in Brazil and the cooperation opportunities in the local market with the chairman of the E company, one of the seven richest people in the world.

As an important part of the strategic cooperation, in May 2022, Ganfeng Lithium Battery completed its strategic investment in Jiangsu Fengchuen, and Jiangsu Fengchuen  has also undergone industrial and commercial changes, adding a new shareholder, Ganfeng Lithium Battery.

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The globaldevelopment of new energy vehicles began with hybrid power and then graduallymoved toward the battery-based era. Pure electric and plug-in hybrid became themainstream of further energy policy support. Since 2013, the new energy vehiclesector has developed rapidly as more and more countries have joined to supportpromoting this policy. 6.23 million new energy passenger vehicles, includingpure electric, plug-in hybrid and fuel cell, were sold worldwide in 2021, up118.6% year-on-year.

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Jiangsu Fengchuen（e-Future）and Azores Capital LLP held the Overseas IPO Launch and Signing Ceremony at Jiangsu Fengchuen Headquarters. Mr. Li Longde, Chairman of Jiangsu Fengchuen, and Mr. Zuo Zhibang, Chief Managing Partner of Azores Capital LLP signed the agreement on behalf of both parties.

On December 7, under the organization and leadership of President Xing Ping, Vice President of the Philippine-China Investment and Trade Promotion Association, Vice President/(6th) Senior Advisor of Jiangsu Overseas Exchange Association and Senior Advisor of e-Future, President Quan Shunji of China Asia Economic Development Association visited e-Future together to give guidance and advice on the subsequent development of e-Future.

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On January 5, Philippine President Ferdinand Romualdez Marcos Jr. attended the Sino-Philippine "Renewable Energy Industry Roundtable" while on a state visit to Beijing, and met with leaders of outstanding Chinese businesses in the new energy industry. The roundtable focused on renewable energy, agriculture, nickel processing, battery and electric vehicle manufacturing.  Mr. Li Longde, Chairman of Jiangsu e-Future, was invited to the meeting as one of the invited representatives of new energy commercial vehicle manufacturers, and he made an important speech.

In the context of the rapid growth of global demand for new energy commercial vehicles, many countries around the world have taken the development of new energy vehicles as an important strategic initiative to address climate change and optimize the energy structure, and various governments have given different incentive policies to promote the development of new energy vehicles and the industry chain.

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Following the signing of the overseas IPO cooperation agreement between e-Future and Azores Capital LLP at the end of 2022, e-Future Chairman Li Longde was invited to attend the Philippine Presidential Roundtable, traveled to the Philippines to discuss project cooperation, and signed an electric vehicle cooperation project with an important partner in Indonesia, etc. The results of this series of overseas market expansions have attracted the attention of the investment and financing community in Singapore.

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In order to enableglobal customers to have access to truly high-quality and efficient electriclogistics vehicles, the e-Future DV40 product, which is the best choice in thedomestic and international electric logistics market, by making full use of itsown commercial vehicle development, design and manufacturing capabilities interms of product features, core triboelectric systems and product comfortconfigurations.

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On April 25, a delegation from the Philippine official in Shanghai, led by Consul General Josel F. Ignacio, visited Fengchuen.

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