What is the current situation of the company’s brake-by-wire products?

Asia Pacific Shares Answer: 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, Jinlu, 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 and tested on Changan's prototype. The company is also developing cooperation with many vehicle manufacturers. Because the names of customers involve commercial confidentiality, the company is not convenient to disclose. The company will also actively promote brake-by-wire products to other major vehicle manufacturers and will try its best to win more projects.