Group 1 - The core viewpoint of the article is that Jing-Jin Electric Technologies Co., Ltd. is planning to issue shares to enhance its capital strength and profitability in response to the growing demand in the electric vehicle market, particularly in the context of global shifts towards new energy vehicles [1][4][26] - The global automotive industry is transitioning from traditional fuel vehicles to new energy vehicles, driven by technological advancements and climate change initiatives, with global sales of new energy vehicles reaching 14.303 million units in 2023, a year-on-year increase of 35.4% [1][2] - The company aims to leverage the increasing market demand for integrated electric drive systems, which are becoming the industry trend, to maintain its competitive edge and expand its market share in the new energy vehicle sector [3][4][5] Group 2 - The purpose of the share issuance is to raise up to RMB 115.9 million to fund the industrialization of compact new energy vehicle three-in-one electric drive systems, which will enhance the company's technological innovation capabilities and product competitiveness [6][12][20] - The issuance will involve a non-public offering of A-shares to a maximum of 35 qualified institutional investors, ensuring compliance with relevant regulations [8][10][16] - The pricing of the shares will be based on the average trading price over the 20 trading days prior to the pricing date, ensuring a fair valuation for investors [9][10] Group 3 - The company has made significant breakthroughs in its "big system" business, securing a contract with Stellantis Group for the compact new energy vehicle three-in-one electric drive system, marking its entry into the European market [5][21] - The company has a strong technical foundation, having developed a complete industrial layout for electric drive systems, and possesses advanced technology and patents in the field [21][22] - The company is committed to using the raised funds effectively, ensuring compliance with regulations, and enhancing shareholder value through strategic investments in its core business [25][26]