Fawer Automotive Parts (000030.SZ) stated at the investor relations event on September 26 that in terms of electrification, the company actively expanded its new product series, focusing on the layout of power inverter products for electric drive assemblies. They used the Volkswagen MEB platform inverter and Hongqi inverter projects as carriers, and established internationally top standard power inverter manufacturing resources. The company invested in establishing Fawer Xinchuang Company, adding battery shell products, and has entered the market of Contemporary Amperex Technology. They also established Fawer Smart Energy Company, focusing on the recycling and cascading utilization of retired electric vehicle batteries, forming a closed loop of battery recycling industry chain. While expanding new products, they are also actively promoting the transformation and upgrading of existing products. The company's self-developed thermal integration module products, with highly recognized product design solutions from customers, achieved a technological breakthrough in thermal integration module products. Leveraging a strong R&D foundation, the company's pump products quickly achieved a breakthrough in the key core technology of "electric pumps" and their self-developed electric water pump products successfully supported major customers' production. Through independent development, the vibration damper products achieved a technological upgrade in electronic control vibration damper products, achieving successful mass production and receiving unanimous praise from customers. The air spring products have completed the development of samples, laying a solid foundation for subsequent product upgrades. Through joint development, the steering products have achieved the transformation and upgrading of the full range of products to electrification, with the core component PPK product technology gradually achieving independent control.