Jingwei Co., Ltd. (002662.CH/RMB 15.55, purchased) is a Sino-German joint venture auto parts supplier and a leading enterprise in the domestic high-end passenger car exterior parts industry. The company previously acquired 48% of Shenzhen Wuzhoulong's shares, subscribed for 35% of Changchun New Energy and 35% of Jiangsu Kawei's shares, and the controlling shareholder Zhonghuan Investment acquired 75% of the shares of Germany's Stuttgart Electric Vehicle Co., Ltd., gradually improving the layout of the NEV industry. The company recently announced that it plans to issue no more than 250 million additional shares and raise no more than 7 billion yuan to invest in the construction of a high-end electric vehicle R&D and production base in Germany. The company recently held an investor exchange meeting to have in-depth communication and exchanges with investors on the company's business development status and future development plans. To build a high-end electric vehicle R&D and production base in Germany, the development prospects are promising. The company plans to issue no more than 250 million additional shares and raise no more than 7 billion yuan to invest in the construction of a high-end electric vehicle R&D and production base in Germany. China currently does not have the resources for D-class cars such as the Mercedes-Benz S-Class, and the company is expected to develop and produce high-end electric vehicles based on the German automobile manufacturing industry and the advanced technological advantages of the NEV industry, and achieve transcendence in new energy vehicles. The company plans to produce 100,000 vehicles for the high-end market in Germany and 400,000 vehicles for the mid-range market domestically, and use Germany's leading automobile research and development technology to develop the middle and high-end electric vehicle markets at home and abroad. It is expected to replicate the Tesla model, and the development prospects are broad. Businesses in China and Germany are linked, and new energy vehicles are fully deployed. The company's Stuttgart EFA-S in Germany is an electric commercial vehicle base and R&D base; Erfurt BWKW is a high-end electric passenger vehicle base, and its layout in China mainly includes Changchun New Energy, Wuzhoulong, and Jiangsu Kawei. In the future, the company plans to introduce commercial vehicle technology to Germany and passenger car technology to China. In the German market, the development of electric vehicles is still relatively slow, and companies can transport Chinese cars to Germany equipped with electric systems. Passenger cars mainly rely on advanced German automobile manufacturing technology to position themselves in the high-end market, and will be introduced domestically to develop the mid-tier market in the future. The company is expected to join forces and develop rapidly in the field of new energy vehicles through joint business integration between China and Germany. New energy vehicles are the future development direction, and the company's improved layout will bring good returns. Electric logistics vehicles are expected to enter the promotion catalogue, driving a significant improvement in the company's performance. Electric logistics vehicles failed to enter the promotion catalogue in the first half of the year due to industrial policy adjustments and other reasons, leading to a slump in terminal sales. Electric logistics vehicles are expected to enter the promotion catalogue in the second half of the year, and sales are expected to explode. Both Wuzhoulong and Jiangsu Kawei, in which the company is a shareholder, have a variety of electric logistics models and are expected to receive a large number of orders. At the same time, compensation payments for the two shareholders will also gradually be put in place. The company is expected to achieve significant growth in the 3rd quarter, and the annual profit is expected to reach 7-800 million yuan. The company is currently the target NEV with the lowest valuation in the market.