Environmental

Octillion products are sustainable by default. Our mission is centered around the goal of creating large-scale sustainable energy solutions that offer measurable improvements over existing fossil fuel offerings. Driving sustainable innovation forward is at the crux of everything we do. Our ultimate goal is for our cumulative efforts to have a positive impact on our planet.

End-of-life Recycling

We source our cells for our battery systems carefully with the inevitable end-of-life moment in mind. This means sourcing cells from reliable battery cell providers that also prioritize end-of-life recycling, so that our clients can have viable recycling options when the last charge does occur. It also means sourcing the materials that go into our packs from reputable suppliers. We strive to work with clients who prioritize end-of-life recycling, and that often means having established relationships with both credible battery and material recyclers.

Sustainable Supply Chain

We are constantly looking to optimize our supply chain to ensure that our materials are sourced from sustainable providers. We also do our best efforts to source from local suppliers to encourage a robust regional supply chain that can mitigate the negative environmental effects of long-distance transportation. Furthermore, we actively look to advance co-located factory models for our largest clients, to ensure that our manufacturing facilities are located as close to possible as final product assembly. Our cell supply network is amongst the deepest in the battery system industry, and as such, we require that they provide a Conflict Mineral Policy Statement. Furthermore, we continue to adopt policies that ensure that our suppliers are fully compliant to ISO and IATF standards.

Social

Octillion has achieved its global success, having powered over 1.5 million EVs in China as of April 30, 2024, largely because of our people. We could not have achieved this meaningful number without their dedication, innovation, and creativity. Our employees are humble and hard-working by nature, a characteristic of the Octillion worker, but if we can speak for them, they are exceptionally talented, creative, and mentally agile—always working to provide innovative solutions so that our clients’ electrified products are safe, trusted, and create product leadership in their respective industries.

Diversity, Equity, and Inclusion (DEI)

Octillion is committed to hiring a diverse workforce that provides equal opportunities regardless of race, gender, or age. As such, we search for the most talented and skilled workforce that is in-line with our social characteristics, to continue to provide our clients with exceptional products.

EHS Team (EHS)

We take Environmental, Health, and Safety (EHS) seriously. With a sober and comprehensive approach, we seek to ensure that our facilities, (manufacturing plants, labs, R&D centers, and offices) around the globe all meet the relevant industry and government standards. We do this to ensure that our employees are protected—our highest priority for our Team.

Team Benefits

We seek to ensure that our workforce is competitively compensated across core areas—to continue to ensure that Octillion can employ a committed and stable workforce, our Team, that has been critical in driving innovative products for our customers. As such, we provide or team members with:

• Competitive wages
• Health coverage
• Retirement plans
• Flexible time off
• Family leave

Ethical Business

It is our belief that a sustainably-oriented business is inherently good by nature. However, it is our responsibility to our Team and shareholder base—and ultimately the planet, to continue to ensure that we are reinforce and constantly keep current ethical business practices. We will continue to hold ourselves and our suppliers to ironclad code of conduct.

Governance

Octillion was founded in 2009 and is its leadership has extensive knowledge and know-how in the battery industry. With over 870 patents filed to-date, Octillion’s leadership is highly innovative, strategic and adheres to the same managerial principles that shape our Social, DEI, and EHS practices. Our strategic investors and partners are highly reputable, and their added governance and support drives further stability.

Strong Representation

Our Board of Directors is comprised of balanced industry experience, both battery and automotive, coupled with exceptional business strategy expertise. Our Board of Directors maintains its commitment to independent representation of our shareholders to uphold the highest ethical and shareholder-first standards.