Core Viewpoint - The article emphasizes that hybrid vehicles are a definitive entry point for growth in the new energy sector, with Zhengli New Energy strategically positioning itself within the core supply chains of both joint ventures and new force manufacturers [1]. Group 1: Market Position and Achievements - Since 2025, Zhengli New Energy has made significant strides in the plug-in and range-extended vehicle market, securing exclusive battery supply contracts for models like the SAIC-GM GL8 and potentially entering the Volkswagen supply chain [2][10]. - Zhengli New Energy has ranked among the top 10 domestic power battery manufacturers for two consecutive years (2023 and 2024), with a domestic passenger vehicle installation volume of 1.3 GWh in June 2023, placing it sixth for the month and seventh for the first half of the year [5][19]. - The hybrid vehicle market is identified as a clear structural growth area, with joint venture brands accelerating the localization of plug-in hybrids and range-extended technologies as a practical solution for transitioning from traditional fuel vehicles [4][7]. Group 2: Strategic Advantages - Zhengli New Energy's success is attributed to its forward-looking market judgment, system adaptability, and product resilience developed through years of experience with complex clients [6][18]. - The company has established a diverse client network that includes both new force brands and traditional joint venture manufacturers, meeting high demands for product standardization, cost control, and rapid response capabilities [21][22]. - Zhengli New Energy's unique background as a company that evolved from a joint venture with Toyota provides it with a deep understanding of the industry and engineering integration capabilities, enhancing its collaboration with local joint venture brands [13][14]. Group 3: Future Growth and Strategic Initiatives - The structural explosion in the hybrid market offers Zhengli New Energy not only increased visibility and order growth but also strategic value by entering the core supply chains of global automakers [25]. - The company is expanding its production capacity, with a significant investment in a new 25 GWh battery project in Jiangsu, expected to double its capacity to 50.5 GWh by 2026 [28][29]. - Zhengli New Energy's "LISA" strategy encompasses land, sea, and air, aiming to leverage its hybrid technology while expanding into pure electric and energy storage markets [29][30].