亚普股份：新增新能源混动燃油系统订单大幅超过传统燃油系统订单

Core Viewpoint - The company, Yapu Co., Ltd. (603013), has successfully commercialized its high-pressure fuel systems for hybrid vehicles, benefiting from the booming hybrid vehicle market, which has led to a significant increase in orders for new energy hybrid fuel systems compared to traditional fuel systems [1] Group 1: Company Developments - Yapu Co., Ltd. has reported that its high-pressure fuel systems for plug-in hybrid (including range-extended) vehicles have been commercially promoted and applied [1] - The company has optimized product design, developed key components in-house, and continuously improved production processes to reduce costs and enhance efficiency for hybrid high-pressure fuel systems, thereby increasing market competitiveness [1] Group 2: Industry Insights - The complexity of fuel storage, supply, and vapor management in hybrid vehicles is greater than in traditional fuel vehicles due to their multiple driving modes (electric, oil, and hybrid) [1] - Plug-in and range-extended models require fuel tanks to withstand high pressure, necessitating increased rigidity and fuel vapor control functions, resulting in more complex structures and processes, as well as higher unit values compared to traditional fuel systems [1]