MustangBattery: The Vietnam factory is expected to start production in the first quarter of next year, with production costs higher than those in the domestic market

MustangBattery announced that its production base in Vietnam is expected to commence operations in the first quarter of next year, but the production costs at the Vietnam factory will be higher than those in the domestic market under the same conditions. In addition, the company's net profit in the first quarter of 2025 is expected to decline by 50.27% year-on-year, mainly due to the impact of the export tax rebate policy, with the export tax rebate rate for battery products being reduced from 13% to 9%, as well as a decrease in the selling price of some products. The company will continue to deepen the construction of overseas direct sales channels, optimize product structure, and leverage its advantages in alkaline battery technology to consolidate market share