Core Viewpoint - The company has signed an investment cooperation agreement with the local government of Wuxing District, Huzhou City, Zhejiang Province, to invest in new lithium battery pilot and industrialization projects, as well as smart motor industrialization projects, with a total planned investment of approximately 300 million yuan [1] Investment Details - The total planned investment for the projects is about 300 million yuan, with fixed asset investment of approximately 250 million yuan [1] - The first phase involves leasing factory space from a state-owned platform, with a requirement to complete the investment within two years from the signing of the agreement [1] - The second phase will utilize 40 acres of land, with an additional 120 acres reserved for future use, subject to confirmation from natural resources and planning departments [1] Financial Incentives - The local government will coordinate with state-owned platforms to provide corresponding rent reduction policies for five years after the end of the rent-free period, provided that the company meets certain conditions [1] - The local government commits to providing subsidies based on a certain percentage of the actual equipment investment amount for each project during the implementation of the first phase [1]