SUNWODA(SZ:300207) Xin Lang Cai Jing·2025-10-16 13:19Core Insights - XINWANDA emphasized its position as a global leader in lithium battery technology, with nearly 30 years of experience in research, design, manufacturing, and sales [1] - The company highlighted the importance of solid-state battery technology in addressing range and safety issues, particularly for new applications like low-altitude aircraft and robotics [1] Group 1: Company Overview - XINWANDA hosted a site visit for nine institutions, including Goldman Sachs and CITIC Securities, to showcase its facilities and technology advancements [1] - The company has a diverse product range covering consumer batteries, power batteries, and energy storage systems, leveraging market, customer, and R&D advantages [1] Group 2: Key Developments - The self-supply rate for consumer battery cells is expected to reach nearly 40% in 2024, with mobile phones having a higher self-supply rate than laptops [2] - Power battery shipments are projected to reach 16.08 GWh in the first half of 2025, representing a year-on-year increase of 93.04% [2] - A joint venture with LI Auto aims to deepen business collaboration between XINWANDA and LI Auto [2] Group 3: Financial and Strategic Plans - Proceeds from the Hong Kong IPO will primarily be allocated to overseas production base expansion, sales service network enhancement, R&D improvements, digital transformation, and general operational needs [2] - The company submitted its A1 prospectus for the Hong Kong listing on July 30, 2025, but the listing is subject to various conditions and uncertainties [2] Group 4: Technology and R&D - XINWANDA has validated the mass production feasibility of semi-solid-state technology for consumer electronics and is also developing all-solid-state technology [2] - The company maintains high R&D investment due to its focus on customer-driven technology advancements [2]