Putailai guarantees hit 95.6% of net assets

Shanghai Putailai New Energy Technology provided new guarantees totaling 500 million yuan to three wholly-owned subsidiaries for credit facilities with China Construction Bank, HSBC Bank (China), and China Merchants Bank.

The company's total outstanding external guarantees have reached 17.576 billion yuan, representing 95.59% of its net assets attributable to listed company shareholders as of 2024 year-end.