Farasis Energy (Gan Zhou) Co., Ltd. (688567.SH) announced that its wholly-owned subsidiary, Guangzhou Farasis Technology Co., Ltd., has recently received a "Project Development Notification" from Guangzhou Automobile Group Co., Ltd. (GAC Group). GAC Group has selected the company to develop and supply power batteries for its vehicles. Based on GAC Group's sales forecast and schedule, Farasis Energy anticipates commencing supply in the first half of 2027. The project outlined in the notification will utilize lithium iron phosphate power batteries designed based on the SPS (Super Punch Solution) super soft pack power battery solution.
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