Hua Bao New Energy has announced that its portable energy storage products have successfully entered the European markets, including Spain, Portugal, and France. On May 7, during a session on the investor relations platform, the company addressed inquiries from investors regarding their product availability in light of recent widespread power outages affecting millions in these countries.
An investor asked, “Hello, Secretary of the Board. Recently, some regions in Spain, Portugal, and France experienced rare large-scale blackouts, one of the most severe power outages recorded in Europe in recent years. Are Hua Bao New Energy’s portable storage products available in these areas?” The Secretary of the Board responded, “Dear Investor, hello! Our portable energy storage products are indeed available in Spain, Portugal, and France. They form part of a small off-grid power generation system when combined with solar panels, providing continuous power support during power shortages, outages, and emergency rescue situations. The recent extensive blackout events in Portugal and Spain have further increased the local demand for reliable emergency power sources. Our solar-charged outdoor power supply is expected to experience a boost in sales in these regions due to its off-grid power generation capabilities. Thank you for your continued interest and support for our company!”
Another investor inquired about the impact of US tariff barriers on the company. The Secretary of the Board replied, “Dear Investor, hello! The North American market is an important overseas market for our company. In response to changes in US tariff policies, we have proactively prepared sufficient inventory to meet short-term sales demands while also allowing time for our long-term strategy to be implemented. In the long run, we will enhance our risk resistance through three main approaches: first, by adhering to independent innovation. We will increase our R&D investment, advance product iterations, and strengthen brand development, connecting closely with consumers through differentiated products and scenario-based solutions to continuously enhance our brand’s premium capability and solidify our position as a leading global portable energy storage brand. Second, we will implement cost-reduction and efficiency-increasing measures across the entire supply chain. By optimizing product design and process flows, deepening supply chain collaboration, and accelerating overseas production capacity layout, we aim to effectively reduce costs and improve operational efficiency while ensuring quality. Third, we will actively explore emerging markets, introducing tailored products to meet diverse regional needs, gradually reducing our reliance on a single market and establishing a global development pattern that stabilizes core markets while fostering growth in emerging markets, thereby continuously enhancing our risk resistance and global competitiveness to create sustainable value for our investors. Thank you for your attention!”
The above content has been compiled from publicly available information and generated by AI algorithms. It does not constitute investment advice.
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