Revenue Breakdown:

• EV & ES = 98.7%
• Others = 1.3%

Margin Improvement:

• Higher QoQ margin due to product mix & operational efficiencies.

Order Book:

• RM270m

Customer T

• Focus in Customer CAPEX expansion 
• Low-cost Model Q under development, to launch 2025/2026.
• Very High demand for battery cells. Sole supplier for battery line.
  • Cyber Trucks require more cells vs. sedan.
  • Significant increase in demand for energy storage.

Starlink

• mid to long-term plan, focusing on growing business beyond EV.

• Set up office in Austin, Texas. No specific budget for capex (pending scope confirmation).

BESS

• Addressable market half a trillion dollars. Est. 1.8TWh in 2030.
• Malaysia - 800MWh
  • TNB - 400MWh BESS pilot project.
  • Sabah - 400MWh tender 
• US - 705MWh