GOTION(SZ:002074)2023-05-14 06:10Group 1: Partnership with Volkswagen - Volkswagen's investment aims to enhance management and product development, focusing on core competencies in the new energy battery sector [2][3] - Volkswagen has appointed senior management personnel across key positions, including CFO and quality director, to ensure effective collaboration [3] - A joint product project center has been established, covering all aspects from material development to manufacturing processes for battery products [3] Group 2: Product Development and Supply - The company has secured a procurement agreement with Volkswagen for the "Unified Cell" lithium battery, applicable to all Volkswagen electric vehicles outside China [3][4] - The project includes a 20GWh production capacity for standard battery cells, with 10GWh for both ternary and lithium iron phosphate batteries expected to commence production in Q3 2023 [3][4] - The standard battery cells are designed to meet the performance requirements of Volkswagen's entire range of electric vehicles [3] Group 3: Performance and Profitability - The jointly developed standard battery cells exhibit industry-leading performance in energy density, fast charging, and cycle life [3] - The anticipated profit margins from the standard battery cells are expected to be higher due to Volkswagen's strong brand and creditworthiness [4] - The company is the sole supplier for Volkswagen's SSP platform, which will cover 80% of Volkswagen's vehicle models, eliminating the need for secondary verification [4]