During the 2023 World Battery Conference, Mr. Xi Zhongmin, Vice President of Guangqi EA New Energy Automotive Co., Ltd, made a keynote speech stating that it is unrealistic for material factories to require long-term cooperation from EV manufacturers. He emphasized that the leading companies should take the lead in driving the industry forward. Mr. Xi also mentioned that battery factories are looking to directly acquire raw materials as they view it as an opportunity to secure their place in the market. However, the biggest player in this industry is still EV manufacturers. So he urged everyone to remember that you can never go against EV manufacturers.