On December 30, Gelonghui reported that Xiamen Tungsten New Energy (688778.SH) stated on the investor interaction platform that its main business is the research, development, production, and sales of New Materials for Battery, covering a full range of energy new materials including lithium cobalt oxide, ternary materials, lithium iron phosphate, and hydrogen storage Alloy products. The products are widely used in the 3C digital field (including wearable devices, Siasun Robot&Automation, electronic cigarettes, and other new products), in-vehicle power, and energy storage. The company's products find applications in low-altitude fields. Several of the company's products have been practically applied in this area. Lithium cobalt oxide is mainly used for small high-end Drones; while for larger Drones primarily used for cargo and Logistics Transportation, ternary materials are generally used as Cathode Material due to cost sensitivity. Furthermore, the newly launched NL cathode material with a novel structure meets the requirements of low-altitude applications well because of its high energy density and good charge-discharge performance.