Core Viewpoint - Chery's new model, the Fengyun A9L, has been launched globally and has quickly gained traction in the domestic mid-to-large sedan market, with 50,287 pre-orders within 24 hours, positioning it as a new contender in the segment [1] Group 1: Partnership with Guoxuan High-Tech - Guoxuan High-Tech provides a hybrid battery system for the Fengyun A9L, showcasing superior performance with a pure electric range of 260 km and a combined range exceeding 2500 km [3] - The battery system features innovative safety measures, including a thermal runaway prevention system and a robust aluminum alloy casing, enhancing the vehicle's crash resistance and safety [4] - Guoxuan High-Tech has a long-standing partnership with Chery, with significant milestones including the delivery of over 130,000 battery systems in 2022, marking a growth of over 220% year-on-year [5] Group 2: Market Trends in New Energy Vehicles - The demand for plug-in hybrid and range-extended vehicles is increasing, with these models accounting for 41.5% of the new energy vehicle market, reflecting a shift in consumer preferences [8] - Guoxuan High-Tech ranks sixth among domestic manufacturers in terms of installed capacity for plug-in hybrid vehicles, indicating a growing presence in this segment [10] Group 3: Strategic Collaboration and Innovation - The collaboration between Guoxuan High-Tech and Chery has evolved from simple supply agreements to a more integrated partnership focused on joint research and development, sharing technology and resources [12] - Guoxuan High-Tech has invested in Chery, acquiring a 2.77% stake, which strengthens their strategic alliance and aligns their interests in the evolving market [13] - Both companies are working on advanced battery technologies, including high-performance battery solutions aimed at achieving a range of 1500 km [13] Group 4: Global Production and Supply Chain Strategy - The partnership aims to establish a global production network, with localized battery production in Argentina to mitigate tariff risks and enhance supply chain resilience [14] - Guoxuan High-Tech plans to achieve a production capacity of 300 GWh by 2025, with one-third of this capacity allocated for overseas markets, supporting Chery's expansion into developed markets [14]