The electric vehicle (EV) industry is gaining growth momentum and OTIZ has been partnering with Autoliv, a major Swedish auto safety system manufacturer, in the development of polyester yarns for airbags, which is now part of the Tesla supply chain. The product is used in the airbags of Tesla’s Model Y series, helping the U.S. EV maker reduce carbon emissions through weight reduction. This lightweight polyester yarn is the fruit of repeated communications and testing. It helps extend the vehicle’s mileage performance. It also lays the groundwork for future EV applications. Meanwhile, FEIS collaborates with Gurit, a global supplier for advanced composite materials, to develop PET foam boards installed on the blades of wind turbines. Replacing PVC with recyclable PET is an environmental move that also enhances the physical property of this wind power application. Product shipments continue to increase. FENC has formed alliances with customers in the EV and green energy industries. As the Company marches towards the net zero vision, it will continue to expand polyester applications with quality green products and forge the polyester industry into an integral link of the green industry chain.