SUNWODA(300207)2024-11-25 14:31Business Strategy and Expansion - The company is expanding its customer base to include international automotive manufacturers such as Volvo and Volkswagen, in addition to existing clients like Li Auto, Dongfeng, Geely, Renault, and Nissan [1] - A new energy vehicle power battery factory is being established in Hungary to enhance global market share and meet international customer demand, currently in the preliminary design and planning phase [1] Product and Technology - The product mix of lithium iron phosphate (LFP) and ternary batteries has been adjusted to a 7:3 ratio based on market and customer demand [1] - The company's LFP fast-charging battery, released in the first half of 2024, can charge to 80% in 10 minutes with an energy density of 450Wh/L and a volume utilization rate exceeding 80%, achieving a 6C charging rate, which is industry-leading [1] Consumer Business Growth - The company plans to expand its customer base and increase market share with existing clients to drive revenue growth [3] - The "pack + cell" model is being actively promoted among consumer clients to further improve the gross margin of the consumer business [3]