Jianruiwo can be renamed as "Poly Letter" to optimize and upgrade the battery business and fight for new energy.

On September 28th, Jianruiwo Neng, who was reborn through bankruptcy and reorganization, was officially renamed as "Baoli New Energy Technology Co., Ltd.", and the short name of the securities was changed to "Baolixin", and the securities code was still "300 1 16".

In the company's view, the previous name can no longer better meet the needs of strategic planning and business development of the reorganized company. In order to make the company name more comprehensive, objective and accurate, the company name and securities abbreviation have been changed accordingly.

The announcement shows that under the background of the implementation policy of the new national standard for electric bicycles in the future, Paulie's new lithium battery products will mainly focus on the lead-acid replacement market for electric bicycles.

Some insiders estimate that the price per vehicle 1000 yuan means that at least the market of 1000 billion yuan will be opened.

In addition to the electric bicycle market, Baolixin also has a layout in the energy storage market. On May 28th this year, Poly Letter signed the Strategic Cooperation Agreement with Lionsgate Technology. The two parties intend to carry out in-depth cooperation in the manufacture of energy storage systems, and the company will specialize in energy storage batteries.

At present, the battery capacity of Poly Letter cylindrical lithium iron phosphate battery is 3GW. Polaroid said that in the future, with the expansion of the company's production capacity and the improvement of capacity utilization, the production cost of the company's products will still be relatively competitive in the market.

In addition, in the field of heavy trucks and electric boats, Baolixin is also making relevant layouts. Poly letter said that in the above areas, the company's products will still adhere to the technical route of lithium ferrous phosphate, and will be laid out on soft bags and square lithium iron phosphate batteries according to market demand in the future.

It is worth noting that on July 14 this year, the company announced the establishment of a strategic partnership with Hummer (Chongqing) New Energy Technology Development Co., Ltd. In the announcement, the company said that it expects to use battery products of not less than 3 kWh in the next five years, support about 200,000 new energy vehicles, and contribute about 2.4 billion yuan to the company in the next five years.

(Editor Shen Ming)