Dare Auto(300473)2025-03-10 01:02Company Overview - Del Corporation is a global automotive parts supplier specializing in NVH (Noise, Vibration, Harshness), thermal insulation, lightweight products, electric pumps, motors, and automotive electronics [1] - Approximately 70% of the company's revenue comes from its wholly-owned subsidiary, KakuSi, which has over 20 years of experience in the automotive parts industry [1][2] Product Development and Innovations - KakuSi has established a New Energy Vehicle (NEV) division focusing on battery flame retardant covers and electromagnetic shielding for battery packs, successfully supplying to major automakers [2] - The company has been developing solid-state batteries since 2018, achieving significant milestones including passing third-party safety tests and obtaining a national invention patent in 2024 [3][4] Market Position and Clientele - KakuSi's main products include thermal insulation, noise reduction, and lightweight components, serving clients such as Mercedes-Benz, BMW, Audi, and Ford [7][8] - The company has maintained long-term partnerships with major automakers for over 20 years, ensuring a strong market presence [7] Financial Performance - In 2024, the company experienced positive growth, attributed to production efficiency improvements and the gradual release of new products [8] - KakuSi's thermal insulation, noise reduction, and lightweight products account for over 65% of the company's total revenue [8] Competitive Advantages - KakuSi's global production and R&D facilities enable quick responses to client needs across different regions [9] - The company has established standardized production processes and quality control systems, enhancing its ability to meet diverse automotive quality requirements [9] Future Growth Directions - The company aims to optimize its product structure in line with the electric vehicle trend, having already developed several products for NEVs [10][11] - KakuSi is well-positioned to meet the overseas market demands of leading domestic automakers expanding internationally [11] Product Specifics: Hydraulic Retarder - The hydraulic retarder, which accounts for 80% of braking needs, enhances vehicle safety and reduces brake system wear [12] - The product has been successfully developed and patented, with increasing market share since its launch in 2023 [13]