近日，精进电动(688280)正式推出全新SD220电机电控二合一总成。该产品凭借一体化集成设计，在轻 量化、高效率、低电耗及整车适配性等方面实现显著突破，为新能源商用车领域带来更具竞争力的系统 解决方案。 在全球碳中和目标持续推进、新能源汽车加速渗透的大趋势下，商用车电动化正迎来前所未有的发展机 遇。作为推动绿色交通转型的重要力量，电驱动系统的技术升级已成为提升整车性能、降低运营成本和 实现节能减排的关键环节。 与此同时，SD220通过优化后的整体后桥设计，为整车布局释放出更多空间，省去了驾驶室翻转机构， 简化了整车装配工序。更重要的是，这种集成化、模块化的设计理念有助于降低车辆在使用过程中的维 护频率和保养成本，从而进一步降低吨公里运营成本，提升整车的经济性和市场竞争力。 作为国内领先的新能源电驱动系统供应商，精进电动多年来持续深耕电驱动核心技术，在驱动电机、控 制器和传动总成领域实现了产品的平台化与谱系化开发，并在油冷驱动电机、第三代碳化硅半导体控制 器、方导体驱动电机、三合一电驱动系统、电磁离合器、多档减速器/变速器等领域掌握了业内领先的 核心技术，积累了深厚的自主技术能力。 未来，精进电动将继续以技 ...

Company and Industry Summary Company Overview - The company is named 精进电动 (Jingjin Electric), a leading domestic enterprise in the electric drive system for new energy vehicles, established in February 2008 and listed on the Science and Technology Innovation Board in October 2021 with stock code 688280 [6][7][18]. Key Industry Insights - The global focus on low-carbon transportation has led to increased policies encouraging vehicle electrification, with estimates suggesting that by 2030, new vehicles will require one to four electric drive systems [4]. - The company aims to become a long-lasting enterprise in the global new energy electric drive field, emphasizing technological innovation and market development [2][4]. Financial Performance - In 2024, the company achieved total operating revenue of 1.305 billion yuan, a year-on-year increase of 50.64%, driven by significant growth in the new energy battery system and technical development services [16]. - For the first quarter of 2025, the company reported operating revenue of 404 million yuan, up 46.97% year-on-year [16]. - The main business revenue for 2024 reached 1.28 billion yuan, a 52.24% increase from the previous year, primarily due to the ramp-up of domestic projects launched at the end of 2023 [16]. Product Development and Innovation - The company has successfully developed a small three-in-one electric drive system for large European automotive manufacturers, which is expected to become the largest product in the company's history [3]. - The company has made significant advancements in technology, including the development of high-performance flat wire motors and silicon carbide controllers, with some products already in the market [8][11]. - The company has established a comprehensive quality management system that integrates product design and mass production, ensuring high-quality output [9][10]. Market Position and Strategy - The company focuses on high-end markets, providing advanced electric drive core components and systems for both passenger and commercial vehicles [7][15]. - It has established strong business relationships with major traditional automotive manufacturers and is actively pursuing further cooperation with international automotive companies [15][18]. - The company is committed to maintaining a dual strategy of domestic and international business development, with international markets becoming a significant part of its operations [18]. Challenges and Future Outlook - The company has faced challenges in maintaining its overseas business revenue, which accounted for 35.35% of its main business in 2024, slightly down from the previous year due to significant domestic growth [18]. - The company plans to continue expanding its product offerings in response to the increasing demand for electric vehicles, particularly in the high-end SUV segment [22][25]. - Cost control and efficiency improvements in production and operations are key focuses for the company moving forward, with plans to enhance procurement management and optimize production processes [23][24]. Additional Notable Points - The company has received multiple awards for its quality and innovation, including the North American Outstanding Quality Award from Fiat Chrysler for its dual oil-cooled motor products [10]. - The company has a robust intellectual property portfolio, with numerous patents and software copyrights, indicating a strong commitment to innovation [20]. This summary encapsulates the key points from the conference call, highlighting the company's performance, strategic direction, and market dynamics within the electric vehicle industry.

Group 1 - The core viewpoint of the article is that Jing-Jin Electric Technologies Co., Ltd. is planning to issue shares to enhance its capital strength and profitability in response to the growing demand in the electric vehicle market, particularly in the context of global shifts towards new energy vehicles [1][4][26] - The global automotive industry is transitioning from traditional fuel vehicles to new energy vehicles, driven by technological advancements and climate change initiatives, with global sales of new energy vehicles reaching 14.303 million units in 2023, a year-on-year increase of 35.4% [1][2] - The company aims to leverage the increasing market demand for integrated electric drive systems, which are becoming the industry trend, to maintain its competitive edge and expand its market share in the new energy vehicle sector [3][4][5] Group 2 - The purpose of the share issuance is to raise up to RMB 115.9 million to fund the industrialization of compact new energy vehicle three-in-one electric drive systems, which will enhance the company's technological innovation capabilities and product competitiveness [6][12][20] - The issuance will involve a non-public offering of A-shares to a maximum of 35 qualified institutional investors, ensuring compliance with relevant regulations [8][10][16] - The pricing of the shares will be based on the average trading price over the 20 trading days prior to the pricing date, ensuring a fair valuation for investors [9][10] Group 3 - The company has made significant breakthroughs in its "big system" business, securing a contract with Stellantis Group for the compact new energy vehicle three-in-one electric drive system, marking its entry into the European market [5][21] - The company has a strong technical foundation, having developed a complete industrial layout for electric drive systems, and possesses advanced technology and patents in the field [21][22] - The company is committed to using the raised funds effectively, ensuring compliance with regulations, and enhancing shareholder value through strategic investments in its core business [25][26]

5月29日，精进电动(688280)举办2024年度暨2025年第一季度业绩说明会，董事长兼总经理余平、董事 兼董事会秘书兼财务总监谢文剑、独立董事张雪融围绕经营业绩、战略布局、技术创新及未来发展等核 心议题，与投资者展开深入交流，展现了公司在新能源汽车电驱动系统领域的强劲动能与长期增长潜 力。 稳健经营驱动，营收增长彰显战略成效 2024年，精进电动实现营业总收入130490.06万元，同比增长50.64%，远超行业平均增速。对此，董事 长余平表示："收入增长主要得益于新能源汽车电驱动系统及技术开发服务业务的双轮驱动。在乘用车 领域，2023年末投产的国内项目逐步放量，叠加2024年新投产项目贡献，收入增长显著；商用车电驱动 系统则受益于国内外客户需求的持续增长。此外，技术开发与服务收入因多项客户项目顺利交付而大幅 提升，充分体现公司在研发创新与市场拓展上的长期积累。" 在全球化布局方面，精进电动北美、欧洲市场开拓成效显著，2024年海外收入占比达35.35%。针对近 期美国加征关税等贸易政策变化，余平表示，公司全球化战略布局，国内和国外市场并举，使影响可 控；公司将灵活调整生产与供应链策略，持续深化欧洲市 ...