Group 1 - The State Intellectual Property Office of China has granted a patent to Zhongtian Group Shanghai Superconducting Technology Co., Ltd. and Jiangsu Zhongtian Technology Co., Ltd. for a method, device, electronic equipment, and storage medium for safe charging of electric vehicles, with the authorization announcement number CN 116278908 B, applied on February 2023 [1] - Zhongtian Group Shanghai Superconducting Technology Co., Ltd. was established in 2018 and is located in Shanghai, primarily engaged in technology promotion and application services, with a registered capital of 70 million RMB [1] - The company has participated in 41 bidding projects and holds 75 patent information entries, in addition to having one administrative license [1]

Core Viewpoint - Exro Technologies Inc. reported a decline in revenue for Q2 2025 due to slower electric vehicle adoption, while continuing its strategic review process and negotiations with potential partners [2][6]. Financial Results - Revenue for Q2 2025 was $2.9 million, down from $4.7 million in Q2 2024, attributed to reduced unit volumes [2]. - Gross margin per unit improved compared to the previous year, excluding inventory provisions [2]. - The net loss from continuing operations was $81.7 million, which included significant non-cash adjustments related to the company's strategic focus [2][7]. - The company accessed $10 million of a $30 million interim finance facility [6]. Strategic Update - The strategic review process initiated in May 2025 is ongoing, with active negotiations with credible strategic partners [2]. - The company completed a strategic wind-down of its Asia-Pacific operations while retaining intellectual property and key subsidiaries [6]. - A $48.5 million impairment of intangible assets was recorded, primarily due to the wind-down of APAC operations and updated production forecasts [7]. - An $11.1 million inventory provision was made to align inventory values with near-term production forecasts [7]. Company Overview - Exro Technologies Inc. specializes in power control solutions for electric vehicles and energy storage, having expanded through the acquisition of SEA Electric [3]. - The company offers innovative solutions such as Coil Driver™, Cell Driver™, and SEA-Drive®, aimed at enhancing the performance and efficiency of electric motors and batteries [3].