DFD(SZ:002407)2022-12-03 09:48Group 1: Industry Overview - The domestic power battery industry in 2018 is experiencing structural oversupply and is affected by subsidy reductions, leading to accelerated industry reshuffling and a significant increase in industry concentration [2] - Foreign battery giants are intensifying their layout, and capacity expansion is expected to exceed forecasts [2] Group 2: Battery Technology Trends - Although lithium iron phosphate batteries still have a market presence, ternary batteries are the future development trend, with advantages such as smaller size, higher energy density, faster charge and discharge, and greater safety, making them more suitable for automotive power battery applications [3] Group 3: Customer and Order Situation - The main customers for the company's lithium-ion batteries include Zhidu Automobile, with newly developed clients such as Chery Automobile and Dongfeng Xianglv, and orders have been relatively full this year [3] Group 4: Downstream Clients for Lithium Hexafluorophosphate - Major domestic downstream clients include BYD, Xinzhoubang, Shanshan New Energy, and Guotai Huarong; major foreign clients include Soulbrain, Panax, Mitsubishi Chemical, Mitsui Chemicals, and Ube [3] Group 5: Electric Vehicle Market Outlook - The market has not yet escaped the subsidy policy mindset, but with new models set to launch intensively in 2019-2020, electric vehicle sales are expected to exceed forecasts [3] Group 6: R&D Team Development - The company is increasing R&D investment, enhancing collaboration with universities and research institutions, and has established its own R&D team to continuously improve the energy density and range of lithium batteries, as well as testing and evaluation technologies for new energy vehicles [3] Group 7: Business Development Strategy - The company is focusing on a full industry chain development strategy supported by new material systems, led by new energy vehicles, and centered on electric vehicle power systems, actively developing new materials, orderly advancing lithium batteries, and steadily promoting new energy vehicles [3]