Baoding Hongcheng, on the significant day of August 30, 2020, marked a milestone in the company's development. On this day, Baoding Hongcheng officially signed an agreement with the leading enterprise in China's new energy vehicle industry—Tesla Shanghai Factory, taking on the important task of researching and manufacturing the power supply for the electrophoresis coating project. The successful signing of this project not only demonstrated Baoding Hongcheng's technical capabilities but also infused new vitality into the development of China's new energy vehicle industry.

Tesla Shanghai Factory, as a major global production base for Tesla, has an annual production capacity of up to 150,000 pure electric vehicles in its first phase. Among them, the MODEL 3, which was successfully launched in October 2019, has won widespread market recognition with its superior performance and quality. It is reported that Tesla's factory is expected to add the MODEL Y in 2020, which will further enhance Tesla's competitiveness in the Chinese market.

During the construction of this factory, a large number of advanced domestic and international manufacturing technologies were adopted, achieving datafication of processes, production, equipment, and quality control. On this basis, the factory's automation and intelligence levels have been significantly improved, providing strong support for the transformation and upgrading of China's new energy vehicle industry.

Particularly noteworthy is that the MACS modular power supply has excelled in this project. It successfully broke the foreign technology monopoly, becoming a landmark project for foreign enterprises using modular power supplies in China. This breakthrough not only highlights Baoding Hongcheng's strength in power supply research and development but also provides new momentum for the development of China's new energy vehicle industry.

Looking forward, Baoding Hongcheng will continue to work hand in hand with Tesla, adhering to higher standards and stricter requirements, to provide high-quality power supply products for the new energy vehicle industry, jointly promoting the prosperity and development of China's new energy vehicle industry。