SVOLT's 24-GWh BATTERY CELL FACTORY COMES TO GERMANY / Chinese high-tech company invests up to EUR 2 billion in two Saarland production sites - Seite 3

automotive industry. We are convinced that the start of the partnership with
Saarland will be an important step in the development of a new, alternative and
sustainable energy industry and that together we will therefore make a
significant contribution to the future."

Kai-Uwe Wollenhaupt , President of SVOLT Europe & Vice President of SVOLT Energy
Technology: "As a high-tech company, SVOLT will focus on the development of
subsystems such as battery cells, modules and control systems in Europe
according to market conditions. For us, sustainable, responsible use of natural
resources is at the heart of all associated activities. Among other things, we
are working to establish a transparent supply chain and to continuously improve
our production technologies and recycling processes."

Maxim Hantsch-Kramskoj , Vice President Sales & Marketing, SVOLT Europe: "Our
innovative strength comes from our in-depth systemic knowledge of battery
systems, which we have been developing for over eight years, as well as
comprehensive know-how in the field of vehicle integration. Both make SVOLT an
ideal partner for the automotive industry when it comes to taking an integrated
approach to vehicle architecture and battery systems."

Tobias Hans , Prime Minister of Saarland: "The car is one of the central pillars
of Saarland as an industrial location. We want to be at the forefront of the
structural change in the automotive industry and develop our federal state into
a cluster for innovation in Europe, especially in and for the automotive
industry. We have a decisive advantage in terms of location: expertise and
infrastructure. For us, it is about playing a leading role in the development of
environmentally-friendly vehicles of the future. We are pursuing a sustainable
and innovative mobility concept. In this way we can safeguard jobs as well as
the attractiveness of Saarland as a place to live and work and at the same time
ensure that we maintain our leading position as a car state. The siting of SVOLT
brings us a big step closer to this goal and is therefore a huge success for
Saarland."

Anke Rehlinger , Minister for Economic Affairs and Deputy Prime Minister of
Saarland: "We want the car of tomorrow to be built in Saarland. The siting of
SVOLT is a success for Saarland's location and industrial strategy, an important
step for the future of industry and mobility in Saarland. The Saarland mix of
industrial know-how and qualified specialists combined with excellent research
and innovative capacity is convincing all over the world. With active
industrial, structural and labour market policies, we are ensuring that the
structural transformation will be a success and that good jobs will be preserved