BYD invested in silicon carbide. Tianyu Semiconductor is the first company in China to engage in the marketing, R&D and manufacturing of silicon carbide (SiC) epitaxial wafers. It is also the first company in China's silicon carbide semiconductor material supply chain to obtain automotive quality certification (IATF16949). In 2010, it cooperated with the Institute of Semiconductors of the Chinese Academy of Sciences to establish the Silicon Carbide Research Institute. At present, some of Inovance's automotive electronic controls use silicon carbide wafers. Sanan Optoelectronics has invested a

Inovance: Hello! The company has investments in silicon carbide substrates, device design, and wafer manufacturing in the form of fund investments. Thank you for your attention.