Delphi Technologies Institutional Research: The Value of Globalization Strategy Becomes Evident, and the Industrialization of Solid-State Batteries Is Steadily Advancing.

Recently, several financial media outlets, drawing on insights from institutional research, have published analytical reports on Deli Shares’ performance in the first half of 2025, its overseas business strategy, and the development of solid-state batteries. The key points of these reports are as follows:

Delu Co., Ltd. is a comprehensive supplier of automotive component system integration solutions. Despite increasingly fierce competition in the industry, the company maintained steady performance growth in the first half of the year. According to its financial report, the company achieved operating revenue of 24,411.015 million yuan in the first half of the year, representing a year-on-year increase of 6.72%; and net profit attributable to shareholders reached 50.8706 million yuan, up 178.09% from the same period last year.

According to Deli Shares’ research announcement, the reasons for the company’s performance growth in the first half of the year include: First, revenue from supporting new-energy vehicle products increased by 74.1% year-on-year in the first half, driving overall revenue growth and improving the company’s revenue structure; second, the company’s ongoing cost-reduction and efficiency-enhancing measures have led to a decline in the period expense ratio, thereby improving the company’s profitability.

Since acquiring Germany’s KAROS in 2017, Del Group has embarked on a global strategic layout. According to its management, the company has now established an internationally diversified R&D and manufacturing base network. Its overseas production facilities are located in European and American countries including the United States, Mexico, Germany, Spain, Belgium, Poland, and Slovakia, while its overseas R&D centers are mainly situated in the U.S., Germany, Austria, and Japan. The company has deeply integrated its supply chain into the European and American markets, creating a closed-loop supply chain system characterized by “local R&D, local production, and local supply.”

It is worth noting that Deli’s global production capacity layout has brought it numerous advantages: On the one hand, the company’s model of producing and supplying goods locally from its overseas factories helps reduce risks associated with international trade; on the other hand, its diversified market presence reduces reliance on any single market, thereby spreading risk. Moreover, localized production and sales can shorten product delivery cycles and enhance order response speed. In today’s complex international trade environment and amid the fiercely competitive landscape for automotive components, the value of Deli’s global production capacity layout is beginning to shine through.

Currently, several domestic automakers are actively expanding overseas by establishing production bases, thereby accelerating their global capacity deployment. In response to this trend, Deli Shares’ management stated that the company is continuously monitoring and keeping pace with the development trend of domestic automakers setting up production bases abroad. The company already has well-established production capacities in overseas markets such as Europe and the U.S., enabling it to meet the supporting needs of domestic automakers in these regions.

In recent years, as the automotive industry has gradually shifted toward electrification, solid-state batteries have attracted considerable market attention due to their advantages, including high safety, high energy density, ultra-fast charging speed, and long cycle life, making their development prospects extremely promising. According to According to SNE Research’s estimates, China’s solid-state battery market is expected to reach 3 billion yuan by 2025 and potentially grow to 20 billion yuan by 2030.

As early as 2017, Deli Shares’ management proactively foresaw the enormous market potential of solid-state battery technology. They began engaging with solid-state battery projects and, starting in 2018, committed themselves to the R&D of solid-state battery technologies, continuously advancing technological iterations and industrialization ever since. At this briefing, investors showed particular interest in Deli Shares’ core advantages in solid-state batteries. According to management, the company’s solid-state batteries currently primarily adopt an oxide electrolyte technology route. Deli Shares’ solid-state batteries boast high safety levels and have already passed needle-prick, heating, and overcharge tests conducted by third-party testing agencies, as well as the UN38.3 certification required for international air and land transportation of lithium batteries. Moreover, Deli Shares’ solid-state batteries excel in high-temperature resistance; relying on natural heat dissipation, they can operate continuously and normally even under relatively high-temperature conditions.

Currently, Deli Shares has made significant progress in promoting the industrialization of solid-state batteries. In early 2025, the company completed construction of a pilot production line for solid-state battery samples in Shanghai and now has the capability to customize samples tailored to various application scenarios and customer needs. In June 2025, the company initiated the establishment of Der New Energy Technology (Huzhou) Co., Ltd. to accelerate the industrialization of solid-state batteries.