Hello, Secretary Dong, your company is the motor supplier for Xiaomi Automobile, and Xiaomi Group President Lu Weibing said that the production capacity of Xiaomi Automobile Factory is accelerating at full speed, and plans to increase to double-shift production in June. He is confident that more than 10,000 vehicles will be delivered in June, and more than 100,000 vehicles will be delivered in 2024, while also challenging the goal of delivering 120,000 vehicles for the whole year. Secretary Dong, what is the motor production of your company, and can Xiaomi Automobile be delivered on time?

Inovance: Hello! The company has participated in the joint research and development of Xiaomi Super Motor's V6s motor and is one of the suppliers of Xiaomi's new energy power system. After the company's Changzhou factory was established, the subsidiary United Power's production capacity is relatively sufficient and can provide customers with timely and efficient delivery. Thank you for your attention!