Recently, FAW Qixin Power (Changchun) Technology Co., Ltd. was established with a registered capital of 500 million yuan, indirectly wholly-owned by China FAW Group Corporation. The company's business scope covers cutting-edge technology fields such as R&D and sales of intelligent robots, and the development of AI application software, marking an important layout by FAW in the intelligent field. In recent years, FAW Group has actively promoted intelligent transformation, not only establishing FAW (Nanjing) Technology Development Co., Ltd., which focuses on AI, but also launching multiple intelligent connected vehicle projects. Looking ahead, FAW Group will continue to deepen its efforts in key areas such as intelligent vehicle R&D and intelligent manufacturing upgrades, leveraging the technological advantages and strategic layout of the new company to inject strong momentum into the intelligent transformation of the automotive industry.