In January 2024, we signed the "VVL Motor Localization Project Development and Trial Production Agreement" with Dongfeng Peugeot-Citro?n Automobile Co., Ltd., commissioning our company to develop the VVL motor project. 
This project will be compatible with all models of Dongfeng's 1.6T and 1.8T engines. 
The project is expected to enter mass production in December 2024, 
with an anticipated annual supply of 50,000 units. 
As a transformational and upgraded product in a completely new field for our company, the VVL motor holds milestone significance.