Dingtong Technology's automotive business development in 2023

In 2023, Dingtong Technology's new energy vehicle products, mainly BYD, will gradually start mass production. Although the new energy market sales have reached a new high, and demand and sales have increased significantly, the company is also facing fierce market competition. Customers' bidding requirements are strict, causing the company to be under great pressure in terms of costs, which in turn caused a sharp decline in gross profit margin.