CNGR(SZ:300919)2022-11-19 01:16Market Position and Growth - The company maintained the world's leading market share in 2021, with ongoing efforts to expand its customer base and product offerings [2] - The effective production capacity reached 230,000 tons by the end of 2021, with plans to expand to approximately 410,000 to 430,000 tons [3] Production and Supply Chain - The company is actively advancing new project launches to match industry growth and customer demand [3] - The total investment for three joint venture projects in Indonesia is $1.26 billion, targeting an annual production of 40,000 tons of high-nickel metal [3] Financial Management - The company is implementing strategies to manage rising costs of auxiliary materials, including long-term agreements and new supplier sourcing [4] - The company plans to ensure sufficient funding for its Indonesian base through equity and debt financing [5] Product Development - Sodium-ion batteries are being developed, with expectations for mass supply in the first half of 2023 [4] - The lithium iron phosphate project is progressing well, with initial product certification underway and expected mass supply by the end of this year or early next year [4] Global Strategy - The company emphasizes globalization, being the first precursor enterprise to establish overseas bases, including in Indonesia [5]