"- Exposure to the fast growing rechargeable lithium-ion battery market
- A new state-of-the-art automated manufacturing facility
- Its first large scale EV battery order
- Expanding gross margins and management efficiencies
- A portfolio of over 100 patents
Now I can add to this list the new SONY contract. While terms of the contract were not revealed, it is safe to make some assumptions from the supply announcement:
This is obviously very bullish. The SONY contract is a nice follow-on to HPJ's first ever large scale EV supply contract for rechargeable lithium polymer battery packs. The deal compliments the earlier large scale EV order with small sized consumer solutions for the wireless market. It's clear Highpower's new manufacturing facility can supply customers across the entire rechargeable lithium battery market spectrum from small-to-large. The contract is also tacit validation of HPJ's high-quality rechargeable battery manufacturing expertise to land a contract with such a large and well respected company like SONY. And of course the manufacturing efficiencies that come from higher volume production will certainly help the new manufacturing facility gain traction and increase margins."