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The lead-acid battery industry is making waves again. On November 13th, a news that Super Power was about to collapse quickly spread online.

According to this news, 21st Century Network contacted Chaowei Power, and its media relations manager Yang Yuanling told 21st Century Network that the rumors are purely unfounded. Chaowei is currently operating well, with sufficient funds, and the stock price of the listed company has not experienced significant fluctuations.

In Yang Yuanling's view, the rumors are mostly caused by the competitors of Chaowei. As one of the two giants in the domestic lead-acid battery industry, Chaowei Power's performance in the first half of the year was extremely impressive.

According to the semi annual report of Chaowei Power, in the first half of the year, revenue was 4.209 billion yuan, an increase of 117% year-on-year, and net profit increased by 127% to 322 million yuan, achieving a double 100% increase in revenue and net profit.

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