Introduction to SVOLT Energy Technology NAATBatt Annual Meeting & Conference March 11 – 14, 2019 Jeff Yambrick Vice President of International Sales & Marketing and Business Development THE BIRTH OF SVOLT ENERGY TECHNOLOGY Our focus is the Battery Industry Baoding Great Wall Holdings Limited Baoding Ruimao Enterprise Management Baoding Great Wall Innovation and Consulting Limited Asset Management Limited SVOLT Energy Technology Co., Ltd. Great Wall Motors Co., Ltd. SVOLT Energy Technology Co., Ltd. Baoding Division SVOLT Energy Technology Co., Ltd. Beijing Division SVOLT Energy Technology Co., Ltd. Shanghai Division “The Automotive Industry is Going …… Through an Unprecedented Transformation” Other Branches Slide 2 SVOLT Energy | Company Introduction SVOLT ENERGY TECHNOLOGY Dedicated to be the Next Global Powerhouse for Premium LiB SVOLT Energy Technology Company Limited is an energy company dedicated to series production of premium Lithium-Ion batteries products from raw 830 material, to cells, modules, BMS, packs, as well as ESS and Solar. SVOLT R&D Talents Energy is committed to promoting safe, efficient, clean, low-carbon 1,367 (2019.Q1) footprint, and smart eco-system for mobility and the society’s energy Staff revolution. SVOLT Energy will start series production at its site in Changzhou, (2019.Q1) Jiangsu Province in 2020 with a planned cell capacity of 60GWh locally and $4.5B additional 40GWh globally by 2025. Utilizing investments in the complete supply chain, SVOLT Energy is determined to be a global powerhouse for FECO USD premium LIB that meets customer requirements in automotive, heavy duty, Energy Manufacturing industrial, ESS, and other applications. Facility Till 2025 Key 愿景 让人类可以轻松获得和使用可持续能源 >300 Vision Make it easy for people to access and use sustainable energy Foreign/Experienced Figures Industry Experts (2019.Q1) 致力于推动安全高效、清洁低碳、智能生态的出行和能源社会变革 >$240M 使命 Committing to promoting safe, efficient, clean, and intelligent Mission USD ecological services and energy social revolution $200M R&D Facilities (2016-2020) 价值观 因创新而前进 USD Value Advancing by innovation R&D Investment (2018-2020) Slide 3 SVOLT Energy | Company Introduction SVOLT ENERGY TECHNOLOGY Global Presence and Planning Manufacturing Site, Europe Manufacturing Site, China Manufacturing Plant, US 20GWh @2025 60GWh @2025 20GWh @2025 Possible Locations: North: Baoding, Total Vehicle +PACK Assembly, Operational Targeted Area: Eastern European and East: Changzhou, 30GWh, 2020-2025 US: Southeast / Midwest B&R Initiative Countries West: Chengdu/Chongqing, 15GWh, 2023 Mexico: Northeast South: Guangzhou / Zhongshan, 15GWh, 2024 US Advanced Material R&D (Q4 20 2019) GWh Baoding Pilot Production & Applications 20 15 GWh GWh 30 South Korea GWh 15 Process R&D GWh Japan Advanced Material R&D Shanghai R&D Center Changzhou Manufacturing India BMS Software R&D European 10 7 5 Plants R&D Center Countries R&D Centers (4 in Planning) 10 R&D R&D Centers Manufacturing GWh Manufacturing Centers (Planned) Capacity Slide 4 SVOLT Energy | Company Introduction SVOLT R&D Facilities in Baoding Safety & • Testing & Validation Centers: Validation Material Lab Cathode Material Analytical Center Conduct Tests Based on GB, IEC, Center Pilot Line SAE, ISO, USABC and Other Chinese and International Standards, Cell and Module Advances Performance Performance including Global OEMs Pilot Line Battery Lab Testing Center Testing Center • Performance Testing Center & HIL: Capable to Conduct Electrical Performance and Reliability Testing on Cell (6,960), Module (30), and Packs / Systems (17) as well as a HIL Lab • Analytical Center: Analysis of Chemical / Physical / Mechanical Performance, Content, Properties, Structural and Mechanism. • Cell, Module & Pack Pilot Line: 3 Pilot Production Lines with a 开发 试验 capacity of 50MWh (Cells) and 30MWh (Modules / Packs) • Material & Advanced Battery Labs: Focuses on Current, New and 分析 Alternative Materials, Solid State Technology, Lithium Sulfur and other advanced chemistries Slide 5 SVOLT Energy | Company Introduction LEADING INTELLIGENT Manufacturing Plant World’s First High-Speed Stacking Prismatic Cell Manufacturer SOP@2020 Total Global Manufacturing Capacity 100 90 80 Slide 6 70 60 50 40 30 Jintan District 20 GWh Changzhou, China 10 0 2020 2021 2022 2023 2024 2025 CREATING THE NEW ENERGY ECO-SYSTEM Complete Supply Chain Integration Upstream Mid-Stream Downstream Raw Materials Product & Applications Recycling First Use Second Use Vehicle Battery Systems Energy Storage Systems Cell Mineral Resources Off Grid & UPS Applications (Ni/Co/Mn/Li/Graphite) (Electrode, E/L, Separator) Li C Si Li C Si Ni Co Mn Al Recycle Electrode Ni Co Mn Al Fixed/Mobile ESS Wind & Solar Generation PV & Materials and Module Applications Other Metal Materials for Electrode Containers System (LiOH) Integration Could Enter Into Second Use BMS Auxiliary Grid Applications Could Not Enter Second Use Operational Recycle Materials Research/Planned PACK PACK Teardown Module Teardown Slide 7 SVOLT Energy | Company Introduction MEET CUSTOMER REQUIREMENTS With Competitive Products Wide Operating Safety First High E/D Fast Charge Long Cycle Life Range Perfect for Drive at Ease Long Range Flexible Driving in All Climates Commercial Vehicles Slide 8 SVOLT Energy | Company Introduction PRODUCTS Chemistry, Cells, Modules, BMS & Complete Systems Li C Si Ni Co Mn Al Advanced Chemistries & Materials: SiO / SiC / Li Prismatic & Pouch: Metal / Li Rich / Solid Current 811 based State w the Target of Chemistry and looking to 360+Wh/kg Prismatic & Pouch: the future / upwards of Structural Optimization / 265+Wh/kg Integrated with Vehicle Body / 76% Efficiency BMS: Industry Standard SOH & SOC Accuracy & Modules: Standard designed in accordance Industry Designs / 90% with 262626 Assembly Efficiency Slide 9 SVOLT Energy | Company Introduction FULL INDUSTRY CHAIN Technical Solutions Li C Si Advanced Cell System BMS Ni Co Mn Al Materials Design Integration Development • R&D Capabilities on Material • Lithium Air, Lithium Sulfur, • Structural Simulation • Functional Safety, Systems, Surface Characteristics and Solid State Batteries, and Capability, Results Match 95% Hardware, and Software Cell Reactions Mechanism other new chemistries R&D to Real-Life Testing Design Capability Analysis. • Electrode Recipe, Electrode • Battery Thermal Model, PACK • Hardware Simulation • In-House NCM 811 Cathode and Cell Mechanical Design Internal Flow Field, Capability Reaches Global Leading Level. • Cell Simulation Model Temperature Field Simulation • SOX High Accuracy Algorithm • E/L Recipe Design and • Cell Pilot Production Capabilities, Results Match Development Capability Additive Synthesis Capability 95% to Real-Life Testing • Based on Autosar, Bottom • Material Mechanics Layer Software Development Simulation Capability Capability • Based on V Process, BMS Testing and Calibrations Capability Slide 10 FECO Energy | Corporate Introduction SVOLT BATTERY EXPERTS KNOW AUTOMOBILES Completed, Ongoing, and Planned 2018 2019 2020 2021 2022 2023 BEV ECXX BGXX BXXEV BFXX Ora iQ Ora R1 BEXX A31L A52L SOP DEV M4CR M3XO M4XO XEL ECXX 2 19 A31H A52H M4SU M5CR M5SU XEH ESXX PHEV SOP DEV WEY P8 BQXX BPXX BXXPHEV 1 3 Slide 11 SVOLT Energy | Company Introduction.