Dare Auto(SZ:300473)2025-09-04 01:12Financial Performance - In the first half of 2025, the company achieved a revenue of 2,441.10 million CNY, representing a growth of 6.72% year-on-year [1] - The net profit attributable to shareholders reached 50.87 million CNY, showing a significant increase of 178.09% compared to the previous year [1] Growth Drivers - Revenue from new energy vehicle products increased by 74.1% year-on-year, contributing to overall revenue growth and improved revenue structure [1] - Continuous cost reduction and efficiency enhancement measures led to a decrease in expense ratios, thereby improving profitability [1] Production and R&D Layout - The company has overseas production bases in the USA, Mexico, Germany, Spain, Belgium, Poland, and Slovakia, while domestic production bases are located in Fuxin, Tianjin, Shenyang, Changchun, and Shenzhen [2] - R&D centers are established in Germany, the USA, Austria, Japan, Shanghai, and Fuxin [2] Competitive Advantages - The global production layout allows for localized production and sales, enabling quick responses to customer demands and reducing supply chain disruptions [3] - Established partnerships with major automotive manufacturers such as Mercedes-Benz, BMW, Audi, and Ford enhance the company's market position [3] - Advanced R&D capabilities, including a state-of-the-art center in Shanghai, facilitate customized product development [3] Solid-State Battery Advantages - The solid-state batteries utilize oxide electrolyte technology, offering high safety standards validated by third-party testing [4] - Exceptional high-temperature performance allows the batteries to operate continuously under elevated temperatures [4] - The manufacturing process employs mature coating technology, simplifying production and enabling scalability [4] Safety Features of Solid-State Batteries - The production process avoids the use of flammable materials, enhancing safety from the material level [5] - The inherent chemical and mechanical stability of oxide electrolytes contributes to the overall safety of the batteries [5] Collaboration and Future Plans - A strategic cooperation agreement was signed with Jiangling Group New Energy in August 2024, focusing on solid-state battery projects [6] - The company is advancing the pilot line project for solid-state batteries, with plans for mass production based on customer and market demands [7]