阳光电动力：深耕向新 笃行致远

Core Viewpoint - The company, Yangguang Electric Power, has achieved a remarkable 220% year-on-year increase in the delivery of electric control and power supply products, positioning itself as a key player in the electric vehicle industry during a period of market adjustment [1][3]. Group 1: Business Performance - From January to July, Yangguang Electric Power delivered 730,000 sets of electric control and power supply products, aiming for a total delivery of 1.2 million sets for the year [1]. - The company's growth is supported by a deep customer matrix, having established close partnerships with numerous automotive manufacturers since 2010, including Geely, Chery, and SAIC-GM-Wuling [3]. Group 2: Technological Innovation - Yangguang Electric Power has focused on technological innovation, particularly in motor control technology, to meet the increasingly stringent performance requirements of automotive manufacturers [3]. - The company has developed a unique single-tube parallel technology that allows for flexible power configuration, enhancing competitiveness in power module solutions [3][5]. Group 3: Production Capacity and Supply Chain Management - The new modern factory, covering over 80,000 square meters, has been officially put into operation, significantly upgrading production capacity and delivery capabilities [5]. - The company has established long-term strategic partnerships with key component suppliers, ensuring efficient supply chain management and stability [5]. Group 4: Industry Trends and Future Outlook - Yangguang Electric Power is transitioning from a single electric control supplier to a power domain controller solution provider, leveraging over 20 years of experience in power electronics [12]. - The company anticipates that the recently launched single-stage topology onboard charger will become a market mainstream technology by 2027, driven by the maturation of GaN devices and the demand for high power density in automotive electronics [11][12]. Group 5: Competitive Landscape - Despite the ongoing growth in the electric vehicle market, the company acknowledges the challenges posed by intensified competition and cost pressures [12]. - The company emphasizes the importance of technological leadership, stable supply chains, and precise market positioning to maintain a competitive edge in the evolving industry landscape [12].