On March 16, 2026, Farasis Energy made an announcement revealing that its fully-owned subsidiary, Guangzhou Farasis Energy Technology Co., Ltd., had been issued a Designated Development Notice by GAC Group. According to this notice, GAC Group has chosen the subsidiary to undertake the development and supply of power batteries, with the anticipated start of deliveries set for the first half of 2027. This designated notice serves as a testament to the fact that the company's SPS lithium iron phosphate power batteries have attained further advancements within the realm of new energy passenger vehicles. Nevertheless, it is important to note that the project's progression, sales outcomes, and the capacity to secure customer orders are still subject to uncertainty. Moreover, this development is not expected to exert a substantial influence on the company's operational performance for the current year.