Gelonghui, Feb. 26 | Tianyue Advanced (688234.SH) said on the investor interactive platform that Japan's authoritative industry research agency Fuji Keizai's “2024 New Generation Power Devices & Related Market Status and Prospects” indicates that, driven by the fields of electric vehicles, power equipment, and energy, the overall demand for SiC power devices is strong. In 2030, the SiC power device market will reach nearly 15 billion US dollars, accounting for about 24% of the overall power device market, and is expected to exceed 20 billion US dollars in 2035. At that time, the SiC device market size will account for the overall power device market Over 40% of devices. In the long run, the silicon carbide industry has strong potential for development. Currently, according to the downstream market and customer needs, the company is continuing to accelerate the increase in production capacity and output at the Lingang Plant to achieve the first phase target ahead of schedule. At the same time, the company has begun the second phase of capacity planning. According to the company's current orders and partner customer demand, the first phase of the Lingang plant's production capacity of 300,000 conductive substrates per year will be achieved ahead of schedule. The company provides customers with high-quality substrate products. After years of technology accumulation, continuous R&D investment and industrialization development, the company and products are influential in the international market. The company will continue to meet customer needs with high-quality products and continue to create greater value for customers.