The news that our company’s "11^th Five-Year"863 project has passed the acceptance check was reported by the official newspaper of Haidian District Committee- Haidian newspaper on October 14^th, 2010.“The development of high performance-price ratio hydrogen storage alloy used for power batteries” which belongs to "11th Five-Year" 863 project of energy-saving and new energy automobile was undertook by our company. The project has respectively passed the technical and financial acceptance of the 863 project office in July and October this year.

The project had made important achievements.Its product has been used to service hybrid electric vehicles, and the hydrogen storage alloy was the only product that passed the hybrid electric vehicle manufacturers’ use certification and was used in batches. At present, the product has achieved batch production and sales, well meeting the rapid growth of new energy vehicles in our country's market demand, so the product has a broad market prospect. It can also greatly help to provide reliable source of high-quality raw materials to China’s new energy vehicle industry, substitute import and promote localization of new energy vehicle’s parts and materials, and promote the new energy vehicle industry’s leaping development.