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Sharing Growth, Building a Shared Future | EVFrey’s 2025 Annual General Meeting Concluded Successfully
2026-06-17
On 11 June 2026, the EVFrey 2025 Annual General Meeting was successfully held. Under the theme ‘Witnessing Growth Together, Winning the Future Together’, the meeting was chaired by Yao Hongyan, the company’s Vice Chairman and General Manager. It provided a comprehensive review of the company’s achievements over the past year, systematically outlined its medium- to long-term development strategy, and served to build consensus and chart a course for the company’s high-quality development.
The company’s core management team, shareholder representatives, partners and specially invited guests attended the meeting. All parties engaged in open and in-depth discussions on key topics such as annual business performance, industry trends, technological innovation, market expansion and capital development, creating a lively yet pragmatic atmosphere at the event.
The meeting featured a systematic review of the company’s operational performance for the 2025 financial year. Over the past year, the company’s overall turnover has seen significant growth, with its mining, international trade and remanufacturing divisions working in synergy to drive a steady and positive trend in development.
Thanks to the high barriers to entry in the mining sector, the market expansion advantages of its foreign trade operations, and the rapid growth of its remanufacturing business, the company’s profitability has remained at a relatively high level within the industry, whilst the quality of its operations has continued to improve.
At present, the company has gradually established a business structure underpinned by its mining, international trade and remanufacturing operations, with these three sectors collectively accounting for over 70 per cent of its business, whilst continuing to expand into emerging application areas such as energy storage and robotics.
Faced with fierce market competition, the company adheres to a strategy of differentiation, focusing on niche markets characterised by high safety standards, high entry barriers and a high degree of customisation. It is deepening its expertise in the fields of mining locomotives, specialised vehicles and industrial lithium-ion battery applications, thereby continuously enhancing its market competitiveness.
In terms of market expansion, the company’s products are now available in over 40 countries and regions worldwide, and its overseas business continues to grow at a healthy pace. At the same time, the company is continuing to strengthen partnerships with key clients, actively expanding its collaboration with state-owned and centrally-administered enterprises and its supply chain network, and steadily advancing its market presence both at home and abroad.
Technological innovation is the cornerstone that enables enterprises to weather economic cycles and achieve sustainable, long-term growth. In recent years, the company has continued to increase its investment in research and development and professional certification, whilst advancing the independent development of core technologies for complex application scenarios such as mining, industrial vehicles and energy storage.
At present, the company has 17 products with MA certification for coal mine safety and 14 products with KA certification for mine safety, having established a relatively comprehensive portfolio of professionally certified products, which has laid a solid foundation for the company to enter high-barrier niche markets.
In terms of technological approaches, the company is currently focusing primarily on lithium iron phosphate technology, whilst simultaneously advancing research and development in cutting-edge areas such as semi-solid-state batteries. The planning and design of the second-phase production line have incorporated compatibility with future technological approaches, providing robust support for subsequent product upgrades and the expansion of production capacity.
Prior to the meeting, attendees also took a tour of the company’s exhibition hall and production workshops, gaining an in-depth understanding of its Global Energy Cloud system, product portfolio, automated production lines and testing systems. According to reports, the company’s Global Energy Cloud system has connected over 30,000 devices, covering 43 countries worldwide; the company holds a total of 28 patents and has been recognised as a national ‘Little Giant’ enterprise under the Specialised, Refined, Distinctive and Innovative programme.
From battery cells to power systems, and from industrial vehicles to energy storage applications, the company’s comprehensive industrial chain capabilities and solid manufacturing foundation gave attendees a more tangible understanding of its technical prowess and growth potential.
With a view to the company’s future development, the conference held in-depth discussions on its medium- to long-term strategic plan. The company will continue to capitalise on opportunities in the new energy and energy storage sectors, using its mining battery and special-purpose vehicle businesses as key cornerstones and its remanufacturing and energy storage operations as drivers of growth. It will continue to expand the scope of applications for industrial lithium-ion batteries and related products, whilst steadily advancing towards its goal of becoming a leading enterprise in its specialised sectors.
Regarding the company’s future development path, attending shareholders and guests actively offered suggestions and insights. One representative proposed that, building on the company’s technical expertise and certification advantages in the mining battery sector, it should further expand into regions rich in mineral resources, such as Australia and Brazil, to continuously deepen its overseas market presence. Another guest suggested that the company could draw on its successful experience in the mining sector to branch out into high-barrier, highly customised applications, thereby further diversifying its business structure and broadening its growth prospects.
At the same time, there was a unanimous consensus that, during the company’s rapid growth phase, it must consistently prioritise quality, strengthen cost control, consolidate its operational foundations, and continuously enhance its organisational and delivery capabilities, thereby ensuring that the company achieves steady, sound and sustainable development alongside its expansion.
Taking into account the discussions held with all parties, the company has further clarified its key priorities for the next phase: to continue expanding its market share in the mining and overseas sectors; to drive forward the implementation of key projects such as battery replacement for coaches, powertrain systems for specialised vehicles, and the development of next-generation energy storage products; to advance the construction of the coal safety battery cell production line to the highest standards, thereby enhancing large-scale manufacturing capacity; and to continue refining its financial systems and governance structure, whilst steadily progressing with initiatives related to capitalisation, thereby laying a solid foundation for the company’s long-term development.
The successful convening of this Annual General Meeting served not only as a comprehensive review of the Company’s past achievements, but also as an important occasion for building consensus, pooling resources and embarking on a new chapter together. With all shareholders, partners and the management team united in purpose and working together towards shared development, the meeting has instilled greater confidence and momentum in the Company’s future high-quality growth.
Standing at a new starting point for development, EVFrey will continue to place technological innovation at the heart of its operations, remain guided by market demand, and repay the trust and confidence placed in us by delivering long-term value. We will continue to focus our efforts on the new energy and energy storage sectors, steadily implement our strategic plans, and work hand in hand with all our shareholders, partners and employees to forge a new future of mutual benefit and shared success.
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