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Del Group (300473) announced on the evening of August 14 that it had signed a "Solid-State Battery Strategic Cooperation Agreement" with Jiangxi Jiangling Group New Energy Vehicle Co., Ltd. (hereinafter referred to as "Jiangling New Energy"). In view of Jiangling New Energy's advantages in the field of new energy vehicles and Del Group's technical strength in the field of solid-state batteries, the two parties are jointly committed to the innovation and development of the field of solid-state batteries and to promote the research and development, production and market application of solid-state batteries.

According to Qichacha, Jiangling New Energy was established in January 2015 and is a company invested and established by Jiangling Group to adapt to the future development of the new energy vehicle industry. Relying on the group's vehicle system integration and matching capabilities, the company has developed pure electric commercial vehicle products such as mini truck box cargo logistics vehicles, mini van logistics vehicles, and sanitation vehicles with three key core technologies, including vehicle control systems, electric drive systems, and battery management systems.

Jiangling New Energy is currently developing a series of pure electric passenger vehicle products code-named E100, E200, and E300. Its business scope covers the research and development, production, and sales of pure electric vehicles, hybrid vehicles, core automotive components, supporting charging systems, battery replacement systems, and other devices.

Judging from the current shareholder structure of Jiangling New Energy, RENAULT sas holds 50% of the company's shares, Jiangling Group and China Agricultural Development Key Construction Fund Co., Ltd. hold 37% and 13% of Jiangling New Energy's shares respectively.

According to the latest agreement signed by the two parties, in terms of development cooperation, Jiangling New Energy will provide technical requirements such as battery cell size and performance to Del Holdings. After customized development, Del Holdings will submit battery cell samples to Jiangling New Energy for testing. After Jiangling New Energy passes the test, the battery cell samples will be installed on the Jiangling New Energy vehicle for verification.

In terms of production cooperation, on the premise that the cost of solid-state battery packs is competitive and the production conditions of both parties are mature, the two parties will further explore the feasibility of mass production and market promotion of solid-state batteries for Jiangling new energy vehicle models.

Del shares is a comprehensive automotive parts system supplier, forming an industrial structure with noise reduction (NVH), heat insulation and lightweight products; electric pumps, motors and mechanical pumps; electronic control and automotive electronics products as the leading core products. At the same time, the company continues to enrich its product line and actively promotes the coordinated development of new energy vehicle related products and business segments.

In 2018, Del Co., Ltd. established a wholly-owned subsidiary, Japan Del, in Japan, which recruited outstanding local lithium battery material experts and is committed to the research and development of solid-state battery related products. Members of the Japan Del team have served as project leaders of lithium battery product development in well-known battery companies, have decades of experience in researching and developing lithium battery products, and have rich theoretical knowledge and practical experience in the development and mass production of lithium-ion batteries and electrolyte materials.

According to Del Holdings' 2023 annual report, the company has been committed to the research and development of solid-state battery technology and is currently in the technology research and development stage. In the future, it will flexibly formulate research and development plans based on the development trend of the solid-state battery industry and its own reality, adjust product orientation in a timely manner, and expand solid-state or semi-solid-state battery products that can be widely used in wearable devices, drones, daily consumer goods and other fields in addition to electric vehicles, so as to achieve the best investment return ratio and improve economic benefits.

Recently, Del shares said in an institutional survey that the solid-state battery developed by the company is mainly based on oxide electrolytes and has the characteristics of high safety; the manufacturing process adopts a mature coating process, the process is simple and easy to mass produce, and has significant advantages in performance and cost. At present, the product has passed the needle puncture test, overcharge test and heating test of a third-party agency.

Del shares said in the latest announcement that the signing of the "Solid-state Battery Strategic Cooperation Agreement" is an important manifestation of the company's strategic layout. The company has reached a cooperative relationship with Jiangling New Energy and carried out in-depth cooperation, which is conducive to achieving mutual benefit and win-win results and promoting the company's business development, accelerating the maturity and popularization of solid-state battery technology, enhancing the company's overall competitiveness and profitability, and improving the company's future operating performance.