Part of our Asian Value Series CorpXSasia is pleased to invite you to a Small Group Video Call with;
Chaowei Power Holdings (951.HK)
In short; Market leader in Lead Acid batteries while improving its environmental footprint and enjoying higher sales through the pandemic.
Chaowei Power is, in terms of market cap, a very small company. However, it is the second largest producer of lead acid and lithium-ion batteries for electric bicycles in the PRC, forming a quasi-oligopoly with its nearest rival. It has access to a distribution network of almost 2,000 sales outlets in the country.
Sales Catalyst: E-Commerce & Social Distancing As a result of the social distancing measures, caused by the Global Pandemic, and a significant increase in online shopping activities and home delivery services the market demand for electric bikes and special purpose electric vehicles has seen healthy growth.
Environmental Footprint Improvement During 2020 the Group continued to enhance the quality and production technology of its lead-acid motive battery products and develop products with superior performance, energy efficiency and environmental friendliness, so as to strengthen its position as a leading enterprise in the lead-acid motive battery industry. The company has done the majority of R&D in house and is consistently upgrading its capabilities. The Company has specifically been working on environmental measures to improve its environmental footprint.
Background Chaowei Power Holdings Limited (the "Company") together with its subsidiaries (collectively the "Group") mainly engages in the manufacturing and sales of lead-acid motive batteries, lithium-ion batteries and other related products, which are widely used in electric bikes, electric tricycles and special purpose electric vehicles. Testimony to its mastery of advanced production techniques and technology, the Group is one of the few enterprises which has successfully adopted the enclosed battery formation process in large scale production. The Group also achieved total cadmium-free production by end of 2013, in fulfilment of its Corporate Social Responsibility as a green enterprise.