Ping An Electric (001359.SZ) stated on the investor interaction platform on July 18th that the company's main products are used in industrial and consumer fields for insulation, heat insulation and other purposes. As downstream customers of the new energy auto industry, the company cooperates with customers according to their technical paths and needs. The company's new energy insulating materials are mainly used in battery modules and other parts of new energy autos, and the new energy insulating materials can prevent thermal diffusion of battery modules, insulation and heat insulation between modules, temperature monitoring of battery cells, and insulation and heat insulation of battery cells. When faults such as overheating and loss of control occur in the battery modules of new energy autos, the company's new energy insulating materials can effectively isolate the battery modules, modules and passenger compartments, withstand the impact of loss of control, ease the diffusion of loss of control and greatly extend the time for safe escape. The company's products are not directly used in the "Carrot Run" model for now.