DFD(SZ:002407)2022-12-08 01:58Group 1: Company Overview and Market Position - Duofuduo Chemical Co., Ltd. is expanding its lithium battery production capacity to 200 million AH by the end of 2015, with plans to reach 400 million AH by the end of 2016, driven by rapid demand growth from new and existing customers [3][4] - The company has supplied 200 sets of lithium battery packs for Shaolin Buses and is experiencing full production capacity, unable to meet market demand [3] Group 2: Strategic Partnerships and Investments - Duofuduo plans to acquire 72.5% equity in Hongxing Automobile through a combination of stock acquisition and cash investment, estimated at around 150 million CNY [3] - The company is investing in a new base for Hongxing Automobile in Xingtai County, which will include production lines for automobiles and new energy vehicles, with an initial area of 500 acres to support a production capacity of 100,000 vehicles [4] Group 3: Technological Development and Innovation - The company has developed capabilities in the entire vehicle manufacturing process, including R&D for key materials and components, and is now able to provide battery management systems (BMS) alongside battery packs [4] - Duofuduo is collaborating with well-known domestic institutions to integrate battery, motor, and management systems, enhancing its R&D and manufacturing capabilities in powertrains [4] Group 4: Business Transformation and Future Outlook - The company is focusing on transforming and upgrading its traditional fluorinated salt products, which have been in decline, and aims to strengthen its position in the new energy vehicle sector [5] - If the scale of the new energy sector is sufficient to support the company's growth, it may consider divesting from traditional industries to achieve its transformation goals [5]