Huali Zhixing has achieved profitability in 2019

Huali Intelligent Driving was the first in the industry to put 17 national standard V2X scenarios into use and led and participated in multiple national pilot zone/demonstration zone projects, including Suzhou, Wuhan, Qingdao, Guangzhou, Changsha and other demonstration zones/pilot zones, setting an excellent example for the implementation of V2X demonstration operations across the country. As early as 2019, Huali Intelligent Driving participated in smart highway projects such as Jiangxi Changjiu Expressway and Hangzhou Ring Expressway. In the field of urban intelligent transportation, in 2020, Huali Intelligent Driving joined hands with partners such as China Mobile to create the country's first normalized 5G unmanned bus project; in 2021, it collaborated with partners such as Shanghai Electric to build the world's first digital rail rubber-wheeled tram project in Shanghai. In 2020, it became the main supplier of V2X products for the Utah Department of Transportation in the United States and obtained a 5-year open procurement contract; in 2021, it participated in the Florida commercial vehicle V2X operation project, Michigan transportation project, and so on. According to reports, it has achieved profitability in 2019, and its revenue has doubled in 2020 and 2021.