At 10:18 a.m. on April 12, 2015, Xupai Battery announced that it had invested in and taken control of Yatai Electric, and a signing ceremony was held. Once this heavy piece of news was released, it quickly sparked wide debate in Chinas lead-acid battery industry. Xupai's controlling stake in Yatai will not only greatly affect the future development of both companies, but also have a far-reaching impact on promoting the healthy development of the entire electric vehicle battery industry.

As everyone knows, after more than 20 years of development, Xupai Battery has gradually grown into a leading brand in the electric vehicle battery industry, and has been titled by consumers the leading global brand of high-quality electric vehicle batteries and one of the world's top three electric vehicle battery suppliers. Today the company's sales network covers the domestic markets of the mainland, Hong Kong, Macao and Taiwan as well as international markets in Asia, Europe, the Americas and Africa. There are more than 800 dealers nationwide and over 500,000 terminal retail outlets; in some regions the market share reaches more than 90 percent, so the customer base truly spans the globe and enjoys strong support from consumers at home and abroad. Breakneck growth has lifted both shipments and market share, but it has also brought the predicament of supply falling short of demand. Capacity has long been the main problem troubling Xupai's development: on the one hand product quality must be assured, on the other hand more capacity is needed.

Jiangxi Yatai Electric Appliance Co., Ltd. was founded in November 2012 and is located in Yifeng County, China's largest lead-acid battery production base, on a site of about 20 hectares with more than 100,000 square meters of building space and nearly 500 million yuan invested. It is a large high-tech enterprise integrating the research, production and sales of energy-saving, environmentally friendly lead-acid batteries, producing 50,000 high-performance lead-acid batteries per day, and its exacting standards for product quality perfectly match Xupai's positioning as the leading global brand of high-quality electric vehicle batteries. After the cooperation, the tight supply-demand situation of Xupai batteries will be eased.

Beyond the investment, Xupai Battery will also carry out all-round, in-depth cooperation in product research and development, production control, marketing networks and brand building. Xupai's complete production processes and quality control systems will be applied from raw material purchasing through to finished products, ensuring every product reaches the highest quality in the industry.

When the water rises, the boat rises with it; with plenty of firewood the fire burns fiercely. As Xupai's capacity shortage improves, its market share will keep expanding and the industry landscape will be rewritten. We look forward even more to advancing together with our partners along the road ahead, truly making Xupai batteries help you go further!