Please introduce the company’s R&D advantages?

Desay SV's answer: The company attaches great importance to independent research and development and innovation capabilities, and continues to optimize research and development efficiency. The company has established research and development branches in Singapore, Germany, Japan, Nanjing, Chengdu, Shanghai, Shenzhen, Guangzhou, Beijing, and Taiwan. The company has independently mastered the capabilities of smart cockpits and full-stack design of smart driving. The application of artificial intelligence in the field of smart driving vehicles is at the advanced level of the industry. At the same time, autonomous driving algorithms, vehicle-mounted display optical technology, vehicle-mounted network communication technology, network security technology, OTA and other technologies are in a leading position in China. In 2023, the company's R&D investment was approximately 2.029 billion yuan, accounting for 9.26% of revenue. At the same time, the company continues to promote the construction of a platform-based, digital, standardized, cross-domain, and cross-regional R&D system to improve R&D efficiency, and actively carry out industry-university-research cooperation with well-known domestic and foreign universities and research institutions to form internal and external forces, accelerate the transformation of scientific and technological innovation into productivity, and achieve innovation-driven development.