Your company's motor performance is so excellent. Why don't you cooperate with domestic new forces such as NIO to improve the performance of their vehicles? Moreover, the domestic sales of new forces are also steadily increasing. Why doesn't your company participate in this part of the market?

Jingjin Electric-UW: Hello, dear investors! The passenger car customers that the company is currently cooperating with for mass production projects include Stellantis Group, FAW Group, SAIC Group, Chery Group, Geely Group, Xiaopeng Motors, etc. There are many companies producing new energy vehicles on the market. When competing for projects, the company will consider the matching degree between the customer's products and the company's products, such as the customer's long-term development strategy and the company's development strategy, product technology route, model, production capacity, cost, quality, development cycle, and financial risks, etc. Of course, it is also affected by the customer's procurement strategy. For example, some car companies adopt the form of self-supply, etc. This is a very complicated process. Both the buyer and the seller will conduct multiple evaluations and selections, comprehensively consider and balance various factors, and product performance is only one of them. Passenger car projects generally have a long development process, so some current mass production projects are suppliers determined a few years ago. For example, overseas projects, the development cycle is basically about 2 years. I hope the above answers your question.