Farasis Energy: The export control of lithium batteries has almost no significant impact on the company's current operations
Farasis Energy stated on the interactive platform that regarding the impact of the Ministry of Commerce's export control measures on lithium batteries on the company, after the company's assessment, these measures have almost no significant impact on the company's current operations for the following main reasons: From the scope of control, the battery products currently exported by the company are mostly not included in this export control list, and the core export categories are not restricted, so direct export business is not substantially constrained; From the capacity layout, the company's Turkish base has successfully completed the capacity ramp-up of 6GWh, and this base, as a scarce high-quality battery capacity in the current overseas market with stable large-scale supply capability, can effectively ensure the order delivery needs of overseas customers, further reducing dependence on direct exports from the domestic market; From the nature of the policy, this export control measure does not prohibit the export of related products. Enterprises that meet the conditions can normally carry out export business after completing the application and filing procedures as required. The company has already organized the relevant processes in advance and is prepared for business continuity. In the future, the company will continue to pay attention to the dynamic changes in export control policies, combine overseas market demand with its own capacity layout, and ensure the smooth progress of export business
