BROAD-OCEAN MOTOR(SZ:002249)2022-12-06 09:42Group 1: Financial Performance and Projections - The company expects a gross margin to maintain around 25%-30% despite increasing competition in the new energy vehicle sector [3] - The cost of related products is anticipated to decrease by approximately 25%-30% [3] Group 2: Electric Vehicle Development - Current electric vehicle experiences are limited due to low battery energy density and short driving range, primarily used for urban commuting [3] - The company has procured various logistics vehicles, including models from Xiaohai Star and SAIC Maxus [4] Group 3: Strategic Partnerships and Market Position - The company holds a 9.9% stake in Ballard, making it the largest shareholder, and is in a strategic partnership to apply hydrogen fuel cell technology in new energy vehicles [4] - The Chinese new energy vehicle market is large enough to accommodate more competitors, which benefits industry development [4] Group 4: Industry Challenges and Comparisons - It is estimated that it will take a considerable amount of time for new energy vehicle sales to reach 50% of total automobile sales due to technological and infrastructure limitations [4] - Compared to Tesla, Chinese electric vehicle companies face challenges in battery management systems and innovative design [4]