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The transcript discusses the expectations for second quarter earnings, highlighting that LD's EV battery business is expected to generate the highest profit due to its significant market share. The company has a strong customer base in Europe and plans to expand its capacity. However, there are concerns about increasing competition among battery makers and the overall growth of the EV industry, which currently represents a small portion of the global auto industry but has significant growth potential.

What is the primary reason for LD's expected high quarterly profit in the second quarter?

• Expansion into new markets

• Partnership with a new automaker

• Success in the EV battery business

• Increased sales in Asia

Which region is mentioned as having a significant number of LD's customers?

• North America

• Australia

• Europe

• Asia

What is LD's target for expanding its production capacity next year?

• 120 GW hours

• 150 GW hours

• 100 GW hours

• 200 GW hours

What is a concern for investors regarding the EV battery industry?

• Lack of innovation

• Decreasing demand for EVs

• Intense competition among battery makers

• High production costs

What percentage of the global auto industry revenue does the EV industry currently account for?

• 3%

• 5%

• 1%

• 10%