Dare Auto(SZ:300473)2024-12-25 01:23Group 1: Company Overview - Del's Automotive Parts Co., Ltd. is a comprehensive automotive parts system supplier with strong R&D and market expansion capabilities [2] - The company has established long-term stable partnerships with renowned clients such as Mercedes-Benz, BMW, and Volkswagen [3] Group 2: Solid-State Battery Development - Del entered the solid-state battery industry in 2018, recognizing its potential as a breakthrough technology in the new energy sector [2] - The company has focused on oxide electrolyte technology for solid-state batteries, which offers good performance, high safety, and ease of mass production [2] - In 2023, Del's solid-state battery technology passed third-party safety tests, and a strategic cooperation agreement was signed with Jiangxi Jiangling Group New Energy Automobile Co., Ltd. [2] Group 3: Collaboration with Jiangling New Energy - The strategic cooperation with Jiangling involves customizing battery cell samples based on specific technical requirements [2] - The agreement is non-exclusive, allowing both parties to explore additional collaborations with other companies [2] Group 4: Acquisition of Aizhuo Technology - The acquisition of Aizhuo Technology aims to enhance Del's competitiveness in the automotive parts sector and improve product structure and resource utilization [5] - Aizhuo has established long-term relationships with major automotive manufacturers, which will benefit Del's market presence [5] Group 5: Carcoustics Subsidiary - Carcoustics, acquired in 2017, provides noise reduction, thermal insulation, and lightweight solutions to major automotive manufacturers [5] - The Shanghai R&D center of Carcoustics has received multiple certifications and aims to enhance local service levels [4] Group 6: Market Potential for Retarders - The market penetration of hydraulic retarders in China's medium and heavy truck sector is currently low, indicating significant growth potential [4] - Del's retarder products have been supplied to several well-known automotive companies since mass production began in 2023, gradually increasing market share [6]