Ann: Next-Battery Secures Landmark Strategic Relationship, page-8

This is massive news. China is aiming to be as dominant in the production of electric vehicles as Germany is in the production of traditional cars and being linked in with a Chinese car company could be massive for Next Battery and Hipo.

It gives some idea of the scale of what the Chinese are trying to do when you consider that 500,000 cars per year is nearly double what Tesla are aiming to produce, so being involved with Lvchi at such an early stage for the potential integration of our battery prototype into their vehicle design could help to set up a massive market for our products - not to mention the fact that the rest of the Chiense EV market will not want to miss out.

This is a major step forward in our battery being taken seriously and it seems like a good sign for progress in development if they are this interested already. There is also the mobile phone, laptop and power tools market to consider too.

Well done Next Battery and well done Hipo.

How much would it be worth to us if we had 35% of a battery company that supplied the power for 500,000 cars per year? It's got to be measured in the hundreds of millions right?