机构：招银国际 研究员：Ji SHI/Wenjing DOU/Austin Liang Initiate with BUY. Founded in 2019, Jiangsu Zenergy Battery Technologies Group Co., Ltd. (Zenergy) went through a series of restructuring to become a competitive latecomer in lithium-ion battery manufacturing, as it has a much lower legacy burden than most of its peers. That, along with management's priority to enhance manufacturing efficiency through standardized cells and platform-based packs, has become Zenergy's competitive edge. Battery sales outlook still so ...