LINGYUN CORPORATION(600480)2024-06-14 09:53Company Overview - Lingyun Industrial Co Ltd is a professional automotive parts listed company controlled by China North Industries Group Corporation with subsidiaries and 3 joint ventures across over 30 provinces in China and countries including Germany, Mexico, and Indonesia [2] - The company has established 16 joint ventures with partners from Switzerland, the US, Germany, and South Korea, with an international operation index exceeding 30% [2] - It operates in 5 major market regions in China and has 3 specialized companies focusing on automotive pipelines, hot forming, and new energy [2] Core Products and Market Position - Core products include vehicle body safety structure products, automotive pipeline systems, and new energy vehicle battery products, all maintaining leading positions in the industry [2] Transformation and Upgrading Strategy - The company is upgrading in three aspects: enhancing technological and cost competitiveness, integrating traditional products into intelligent systems, and focusing on strategic emerging industries including new energy vehicles and artificial intelligence [2][3] International Expansion - Lingyun is actively expanding its core products and technologies globally, establishing a collaborative supply pattern across three major automotive markets [3] - In North America, it has set up production bases in Mexico for structural parts and pipeline products, serving clients like Tesla and General Motors [3] - For the European and North African markets, it is promoting factory projects in Morocco to serve clients such as BMW, Mercedes-Benz, and Stellantis [3] Talent Development - The company implements a talent-driven strategy, optimizing talent structure and efficiency through innovative recruitment mechanisms [4] - It focuses on attracting high-level talents from key universities and enterprises, and systematically enhances the comprehensive capabilities of young cadres through training programs like the "Sailing Plan" [4]