Could you please introduce the company’s R&D investment?

Desay SV's answer: In 2023, the company's R&D investment will be 2.029 billion yuan, accounting for 9.26% of sales, and the number of R&D personnel will be 3,886, accounting for 45.26% of the company's total number of employees. R&D investment is mainly invested in the three core businesses of smart cockpit, smart driving and connected services. 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 synergies, accelerate the transformation of scientific and technological innovation into productivity, and achieve innovation-driven development.