这种“失血式”增长最终反映在现金流上。2025年公司经营活动现金流净额转负，全年净流出6397.7万元，意味着主营业务已难以产生足够的现金维持公司日常运转。资金链的紧绷，也让本次IPO更像是一场迫在眉睫的“救命之举”。
Henning Rath向36氪表示，镍氢电池的发展瓶颈始终在于制造成本控制。
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