In May 2024, multiple leading industry media outlets and associations released market data on the three core components (battery, motor, and electric control) of new energy vehicles. VREMT, as a leading EV battery manufacturer, once again became the focal point of the industry. Its key products, including VREMT power battery, VREMT BMS, and VREMT electric drive system, all ranked among the top ten in the industry, demonstrating VREMT's strong growth momentum and technological innovation in the new energy vehicle sector.
As a crucial support for Geely's new energy vehicle business, VREMT has collaborated not only with the ZEEKR and Geely Galaxy brands but also achieved significant breakthroughs in the LFP (lithium iron phosphate) power battery sector through one of its four production bases, Quzhou Extreme Power.
Quzhou Extreme Power specializes in the production of high-performance LFP batteries, with its flagship product, the VREMT 800V battery pack, providing powerful energy for ZEEKR and Geely Galaxy models. This product has gained widespread market recognition for its excellent performance.
In May 2024, ZEEKR and Geely Galaxy achieved impressive market performance, delivering 18,616 and 14,193 units, respectively. This success was largely supported by VREMT's high-quality three-core products. Notably, VREMT's LFP battery successfully entered the industry's top ten in vehicle installations, further solidifying VREMT's leading position as an EV battery manufacturer.
The VREMT 800V battery pack stands out with its highly integrated design and a high volume utilization rate of 83.7%, which not only increases the battery's energy density but also elevates the LFP battery's range performance to new heights, comparable to or even surpassing some ternary lithium batteries, solving the dual challenges of range and safety.
At the same time, VREMT has made significant achievements in the battery management system (BMS) field. According to NE Times' May installation data, VREMT BMS installations reached 24,649 units, marking a 135% year-on-year growth and ranking seventh on the list. This accomplishment once again proves VREMT's technical strength and market competitiveness in battery management systems.
VREMT BMS not only provides stable and reliable battery management solutions for multiple brands under Geely but also ensures the safe operation of new energy vehicles.
In the new energy passenger car market in May 2024, VREMT's electric drive system also performed remarkably. That month, VREMT's electric drive system, VREMT electric control system installations reached 35,877 units, while VREMT motor system installations followed closely with 35,925 units, achieving a significant year-on-year growth of 111%, ranking sixth, seventh, and seventh in their respective categories.
Entering June 2024, VREMT's electric drive system's production and sales data once again shocked the industry, with monthly production and sales exceeding the 60,000-unit mark, a year-on-year increase of 135% and a month-on-month growth of 14%. These impressive figures highlight VREMT's strong production capacity and market responsiveness.
As the new energy vehicle market continues to evolve, the improvement of charging infrastructure has become a key factor restricting industry development. VREMT's efforts in the charging pile field are equally commendable, with its charging piles offering not only high charging efficiency but also enhanced safety features, providing users with a more convenient and reliable charging experience.
Since its establishment, VREMT has been committed to the research and innovation of new energy vehicle technology, currently holding 1,233 patents, including 697 invention patents. It is this technological accumulation and innovation that have allowed VREMT to stand out in the highly competitive market, becoming a leader in the new energy vehicle sector.
Looking ahead, VREMT will continue to uphold the concept of "innovation-driven development," increasing R&D investment and enhancing product competitiveness. At the same time, it will optimize cost structures, and strengthen cooperation and communication with upstream and downstream enterprises in the industry chain, working together to promote the sustained and healthy development of the new energy vehicle industry.