Suzhou West Deane New Power Electric (603312)2024-09-10 10:35Group 1: Industry Trends and Opportunities - The battery connection system industry is expected to grow rapidly due to the large-scale application of lithium batteries in new energy vehicles and energy storage, driven by the "dual carbon" policy [2] - The market outlook for related products is positive, with anticipated continued rapid growth as technology and policy support evolve [2] Group 2: Technological Innovations - In 2023, the company launched direct welding technology, which has entered mass application, significantly reducing costs by eliminating the need for nickel sheets and SMT processes [3] - The company plans to introduce film technology in the first half of 2024, which will lower material costs and increase automation, enhancing product reliability [3] Group 3: Customer Expansion and Market Penetration - The company's products are applicable in pure electric vehicles, plug-in hybrid vehicles, and range-extended hybrid vehicles, with major clients including CATL, Hive Energy, and SAIC [3] - The company has established itself as a secondary supplier for several automakers through stable cooperation with CATL, gaining recognition for product quality and delivery capabilities [3] - In the energy storage sector, the company has begun supplying Tesla and is actively developing new clients, with expectations for an increasing share of revenue from energy storage products [3]