Desay SV(SZ:002920)2024-07-12 10:57Group 1: Smart Cockpit Business - The smart cockpit business continues to grow rapidly, with annual revenue and new project orders exceeding 15 billion yuan in 2023 [2] - The third-generation high-performance smart cockpit products are the main drivers of growth, with mass production supporting clients like Ideal Auto, Chery, and GAC [2] - The fourth-generation cockpit products have also secured new project orders from clients such as Ideal Auto and Geely, with ongoing mass production [2] Group 2: Smart Driving Business - The smart driving business is experiencing high-speed growth, with high-performance domain control platforms in mass production for clients like Ideal Auto and Xpeng [3] - Over ten new project orders have been secured from various automakers, including Geely and Great Wall Motors [3] - The company’s sensor and T-Box products have gained market leadership, with increased supply scale and new project orders from mainstream Japanese joint ventures [3] Group 3: International Expansion - The company has accelerated its internationalization, securing new projects with clients such as Volkswagen and Audi [3] - Plans are underway to establish a new factory in Europe, while also achieving significant market penetration in Southeast Asia and India [3] - A new R&D center has been established in Yokohama, Japan, and a factory in Mexico has been completed to meet North American market demands [3]