万里扬(002434) - 万里扬调研活动信息

Group 1: Company Overview - The company focuses on the research, production, and sales of automotive transmission and drive system products, covering passenger vehicles, commercial vehicles, and new energy vehicles [2] - The new energy vehicle drive systems include reducers, EDS "three-in-one," and "multi-in-one" electric drive systems, with DHT hybrid systems comprising DHT300 and DHT400 series [2] Group 2: New Energy Storage Business - The new energy storage business is operated by the subsidiary Wanliyang Energy, primarily engaged in the operation of power-side energy storage stations and electricity market spot trading [2] - The installed capacity of operational power-side energy storage stations is approximately 40MW, located in Guangdong and Gansu provinces [2] Group 3: Business Development Plans - In the passenger vehicle market, the focus is on developing hybrid and pure electric vehicles, with hybrid systems offering competitive advantages in fuel efficiency, driving performance, and cost [3] - In the commercial vehicle market, the emphasis is on automatic transmission products (AMT), hybrid systems, and electric drive systems, with a growing demand for automatic transmissions due to younger drivers' preferences [3] - The company aims to enhance its flexible power regulation capabilities and become a leading service provider in the energy storage market, with a total project scale of 1000MW/2000MWh [3] Group 4: Investment Projects - The company is constructing a project with an annual production capacity of 120,000 tons of new energy vehicle alloy structural parts, utilizing advanced processes such as integrated high-pressure casting and gravity casting [4] - The company has initiated the construction of an independent energy storage station in Zhaoqing, Guangdong, expected to be operational in 2023 [4] Group 5: Financial Strategies - The company will consider various financing methods, including self-funding, bank loans, and capital market financing, to ensure project funding needs while effectively reducing financing costs [4]