Hello, Secretary Dong. Some experts say that in the era of smart cars, "wireless control means no intelligence". Our company can be said to be the earliest domestic company to deploy wire-controlled braking. After iteration, the products are very mature and have been mass-produced on many models such as Chery Automobile. I noticed that the company recently held a briefing on target management and performance evaluation, which pointed out that this year is the first year for the company to achieve its 2025 development strategy and goals. In particular, the company's automotive electronic produc

Asia Pacific Shares: Hello, 1. The company currently has two types of brake-by-wire system products, IBS (electronic power-assisted braking system) + ESC (electronic stability control system) in the form of TWOBOX and IEHB (integrated electro-hydraulic brake-by-wire system) in the form of ONEBOX. In 2020, the ADAS system provided by the company to Chery New Energy includes IBS + ESC, and customers such as Dongfeng, FAW, Golden Dragon, and Great Wall have also achieved small-scale supply of IBS. The company is one of the earliest companies in China to develop a brake-by-wire system in the form of ONEBOX. In 2017, the company's IEHB generation system was tested on the prototype of BAIC New Energy. In the past two years, the company's IEHB second-generation mass-produced product samples have been trial-produced and are being integrated tested on Changan's prototype. The company will also actively promote brake-by-wire products to other major vehicle manufacturers and will try its best to win more projects. 2. The company's ADAS products were developed early, such as cameras, millimeter-wave radars, brake-by-wire systems, control systems, etc., and three generations of products have been upgraded iteratively, accumulating a lot of experience. The company's mass-produced products are currently focused on L1 and L2 advanced driver assistance functions, and L3 and L4 low-speed automatic driving systems are currently under development and testing. The company's ADAS-related products developed for Chery New Energy have been equipped with the S61EV (Big Ant) model and have achieved mass supply, becoming the first fully independent ADAS system solution mass production supplier in China. In addition, vehicle manufacturers such as Kaiwo Automobile, Hebei Ruiteng, Dongfeng, and a subsidiary of a leading domestic bus brand OEM have confirmed the ADAS project for fixed-point or mass supply, and the company is also actively promoting it to other customers. Thank you for your attention!