证券日报网讯1月15日，联合动力（301656）在互动平台回答投资者提问时表示，公司高度重视投资者 关切，上市后始终聚焦主业发展，通过强化核心竞争力为股东创造长期价值。作为新能源汽车动力系统 领域的重要参与者，公司上市的核心目标是借助资本市场平台，加速推进"新能源汽车核心零部件生产 建设项目"和"研发中心建设及平台类研发项目"，缓解产能瓶颈并提升技术研发实力，为行业发展和股 东回报奠定坚实基础。二级市场股价受宏观环境、行业周期、市场情绪等多重复杂因素影响，尤其对于 新上市企业而言，股价表现需要结合长期发展视角客观看待。公司当前的核心任务是深耕电驱系统、电 源系统等核心业务，通过技术创新(如第六代产品平台预研)、规模效应提升、运营效率优化及海外市场 拓展(如沃尔沃、捷豹路虎等国际客户定点)，持续增强盈利能力。公司坚信，企业的长期价值最终将通 过稳健的经营业绩和核心竞争力的提升得到市场认可，公司也将始终以股东利益为导向，积极履行信息 披露义务，与投资者保持坦诚沟通。 ...

Core Viewpoint - Zhenqu Technology (Shanghai) Co., Ltd. has officially submitted its listing application, marking a significant milestone in its development and reflecting the rise of the domestic new energy vehicle core component industry [1] Group 1: Company Overview - Zhenqu Technology focuses on breakthroughs in core segments of the new energy vehicle (NEV) control solutions, with its control systems acting as the "brain" and "nervous system" of vehicles, directly influencing performance, range, and safety [3] - The company has established a comprehensive product system that includes high-power density motor controllers for various applications, successfully implemented in multiple passenger and commercial vehicles in China and Germany [3] Group 2: Global Expansion - The company has a significant advantage in its global layout, with subsidiaries in key domestic industrial clusters and overseas production and R&D bases in Germany and Japan, enhancing its competitive edge in international markets [5] - As of Q3 2025, Zhenqu Technology has secured 50 design wins with 13 major manufacturers, with applications in 82 vehicle models, 54 of which are in mass production, and a cumulative shipment of 2.7 million power modules [5] Group 3: Technological Innovation - Zhenqu Technology's core competitiveness lies in its technological innovation, with a highly qualified R&D team holding over 50 international patents and extensive experience in next-generation wide bandgap materials [6] - The company's third-generation dual-motor controller achieves a power density of 61.5 kW/L, significantly exceeding industry averages, and its OreoPACK power module is notably compact and efficient [6] Group 4: Market Trends and Opportunities - In 2024, China's NEV sales surpassed 10 million units, with a penetration rate exceeding 35%, driving the motor control system market to approximately 120 billion yuan, expected to exceed 150 billion yuan by 2025 [7] - The listing on the Hong Kong market will broaden Zhenqu Technology's financing channels, supporting ongoing R&D, capacity expansion, and global layout [7] - Despite increasing competition and challenges in the core component industry, Zhenqu Technology is well-positioned to leverage its technological foundation and global presence for further breakthroughs [7]

Core Insights - The partnership between Alter Automotive Technology Co., Ltd. and Wuhu Huaan Zhanxin Equity Investment Fund aims to establish a joint venture focused on the research and mass production of electric and hybrid powertrain systems in Wuhu [1][3] - The registered capital of the joint venture is 672 million yuan, with a focus on innovation in electrification and intelligent power system technologies to provide competitive products and solutions for global automotive manufacturers [3] Company Overview - Alter Automotive Technology Co., Ltd. is a leading player in China's automotive design and R&D sector, established in 2007 and headquartered in Beijing. It is recognized as a high-tech enterprise and the first listed independent automotive design company in China [3] - The company has provided services to over 80 automotive enterprises, successfully developing more than 500 vehicle models, and is transitioning from a technology output model to a "technology + supply chain" international strategy [3] Investment Fund Details - Wuhu Huaan Zhanxin Equity Investment Fund, established in July 2023, has a total scale of 1 billion yuan and focuses on investments in the new energy sector, including green energy, environmental protection, energy technology, and carbon technology [3] - The fund is a collaboration among multiple institutions, including the Anhui Carbon Neutral Fund and Wuhu Industrial Investment Fund, targeting strategic emerging industries [3] Strategic Importance of Wuhu - Wuhu is recognized as a significant automotive industry base in Anhui Province, featuring a comprehensive automotive industry system led by Chery Automobile, which includes vehicle manufacturing, parts supply, R&D design, and testing [1][3] - The strategic cooperation is seen as a major breakthrough for Alter in the core components of new energy vehicles and is expected to inject new momentum into the development of the Yangtze River Delta's new energy vehicle industry cluster [1][3]