BROAD-OCEAN MOTOR(SZ:002249)2022-12-06 07:26Group 1: Business Performance - The home appliance and home electrical motor business experienced over 30% growth in Q1 2017, with plans for increased production based on efficiency and quality [3] - The new energy powertrain system business underperformed expectations due to national policy impacts, although the fundamentals of the new energy vehicle industry remain positive [3] - The company has initiated improvements in the Shanghai electric drive business, which is expected to show better performance [4] Group 2: Development Initiatives - The company is focusing on the development of hydrogen fuel cell technology, having invested in Ballard and signed a technology licensing agreement [4] - Plans to develop new businesses include fuel cell systems, electric control subsystems, and integrated electric vehicle transmissions [5] - The company aims to enhance the power density of electric motors for new energy vehicles through the application of new technologies [5] Group 3: Strategic Collaborations - Collaboration with Ballard is expected to leverage their leading technology for commercial applications in hydrogen fuel cells [4] - The integration of electric drive systems with partners is being pursued to maximize the potential of the Shanghai electric drive business [4] - The company is positioned as a leader in comprehensive capabilities compared to other enterprises in the new energy vehicle powertrain system sector [4]