[Guoxuan Hi-Tech: receiving a fixed-point letter from Volkswagen Group] May 10, according to an announcement by Guoxuan Hi-Tech, a wholly-owned subsidiary, Hefei Guoxuan received a fixed-point letter from Volkswagen Group. The company will become a designated supplier of Volkswagen overseas market to supply Volkswagen lithium iron phosphate "Unified Cell (standard battery)" power lithium battery products. The company said that this is another major market breakthrough following the official production of Volkswagen ternary and lithium iron phosphate batteries in the Volkswagen Chinese market.