IAT(300825)2024-07-25 12:26Group 1: Company Overview - Altec is a leading independent automotive design company in China, focusing on full-process R&D of vehicles and core components, with over 400 models developed for more than 80 clients [3][4] - The company was listed on the Shenzhen Stock Exchange in 2020, becoming the first independent full-stack automotive R&D solution provider in A-shares [3][4] - Altec has established subsidiaries in the USA, Japan, Germany, and Malaysia, expanding its overseas market presence [5][9] Group 2: R&D and Technological Advancements - Altec employs advanced technologies such as AI, big data, and cloud computing to optimize automotive R&D processes and enhance quality [4][10] - The company has developed key technologies for core components, including V6 engines and DHT systems, and is one of the few in China with independent intellectual property rights for V6 engines [7][8] - Altec's AI.X Lab focuses on integrating AI into automotive R&D, enhancing user experience, product iteration speed, and cost efficiency [4][5] Group 3: Business Strategies - The company is implementing an "AI Empowerment" strategy for automotive R&D and a "Technology + Supply Chain" strategy for international expansion [5][6] - Altec has established an international marketing department to facilitate overseas market development and has signed a cooperation agreement to set up Altec International Company for vehicle and core component exports [5][9] - The company has four main collaboration models with vehicle manufacturers, including turnkey development and joint development [6][7] Group 4: Talent Acquisition and Retention - As of the end of 2023, 81.16% of Altec's workforce consists of R&D technical personnel, with 50% having over 8 years of experience in the automotive industry [6][7] - The company has implemented various talent management and incentive programs to attract and retain high-quality professionals [7] Group 5: Market Challenges and Opportunities - The competitive landscape in the domestic automotive market is intensifying, prompting manufacturers to rapidly update existing products to maintain market share [8][9] - Altec's comprehensive service model covering the entire automotive development chain positions it uniquely to meet the evolving demands of vehicle manufacturers [8][9] Group 6: Future Developments - Altec is actively exploring hydrogen fuel cell technology and has completed preliminary research on a new generation of intelligent logistics vehicle chassis [10] - The company is also focusing on the development of next-generation electric power systems and integrated power systems, which have received client qualifications [10]