Dear Secretary, Xiaomi is a cross-border enterprise, and it took only 3 years to develop automotive motor products that surpass yours. So is your scientific research level and efficiency uncompetitive in the industry? Is your technical strength unable to support such a high price-earnings ratio? Please answer yes or no directly, and don't answer with words like thank you. Thank you.

Huichuan Technology: The company has a complete technical platform and product platform in the power system and power supply system of new energy vehicles, and has been recognized by domestic and foreign first-class vehicle manufacturers in terms of automotive system certification. According to NE Times statistics, the company's new energy passenger car motor controller ranked third in the first half of 2023 and ranked first among third-party suppliers. The company's new generation of powertrain has the characteristics of compact structure, light weight, high integration and high compatibility. It can be applied to 400V and 800V platforms and front-wheel drive, rear-wheel drive, four-wheel drive and other models. In addition, the company also has strong advantages in rapid response to customer customization needs and good delivery capabilities. Thank you for your attention!