According to the League of Nations Minsheng Securities Research Report, the rising penetration rate of new energy vehicles is driving the electricity exchange model to continue to heat up. Given that the Ningde Era is a leader in the lithium battery industry and has significant management and technical advantages, profits are expected to grow steadily and maintain the “buy” rating. For passenger car companies, chocolate power exchange blocks 2.0 will be launched; for heavy truck companies, standardized power exchange blocks will be introduced in 2025; in addition, in 2025, the company will also launch sodium battery swappers to help them adapt to low temperature scenarios. The company's power exchange stations have successively landed in cities such as Xiamen, Hefei, Guiyang, and Quanzhou. For heavy trucks, the “Ningde Xiamen Main Line” was officially opened in 2023, making it the first time that a power exchange for a Qiji heavy truck was launched. In addition, the company is also cooperating with Didi, Hello Travel, and many car service providers to develop a power exchange platform. As of December 2024, the company's power exchange ecosystem partners had increased to nearly 100, and signed a total of 107,500 battery subscriptions with 30 companies.

According to the League of Nations Minsheng Securities Research Report, the rising penetration rate of new energy vehicles is driving the electricity exchange model to continue to heat up. Given that the Ningde Era is a leader in the lithium battery industry and has significant management and technical advantages, profits are expected to grow steadily and maintain the “buy” rating. For passenger car companies, chocolate power exchange blocks 2.0 will be launched; for heavy truck companies, standardized power exchange blocks will be introduced in 2025; in addition, in 2025, the company will also launch sodium battery swappers to help them adapt to low temperature scenarios. The company's power exchange stations have successively landed in cities such as Xiamen, Hefei, Guiyang, and Quanzhou. For heavy trucks, the “Ningde Xiamen Main Line” was officially opened in 2023, making it the first time that a power exchange for a Qiji heavy truck was launched. In addition, the company is also cooperating with Didi, Hello Travel, and many car service providers to develop a power exchange platform. As of December 2024, the company's power exchange ecosystem partners had increased to nearly 100, and signed a total of 107,500 battery subscriptions with 30 companies.