The Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the State Fire and Rescue Administration recently formulated and issued the "Electric Bicycle Industry Standard Conditions" and "Electric Bicycle Industry Standard Announcement Management Measures", encouraging the development of lightweight, intelligent, and networked electric bicycle products, and promoting the application of Beidou high-precision positioning. This means that two-wheeled electric vehicles will also be equipped with Beidou. Will Liufen Technology, a subsidiary of the compa

NavInfo: Hello, our subsidiary Liufen Technology has leading Beidou high-precision positioning service technology and rich practical experience in the application of Beidou in electric bicycles. Liufen Technology has been deeply involved in the intelligent upgrade of shared travel management in Beijing and other cities in the early stage, and has joined hands with shared travel companies such as Didi Qingju and urban management departments to provide centimeter-level high-precision positioning services and advanced algorithms for vehicles. Vehicles can provide high-precision location information to the management platform in real time. After comparing the electronic fence location information, the platform intelligently determines whether the vehicle has been parked as required and decides whether to end the billing, which effectively solves the pain points of shared travel management. Liufen Technology will also seize industry opportunities and continue to make efforts in related business areas. Thank you.