Group 1 - Chery Commercial Vehicle has signed a cooperation agreement with Liverpool City Council to establish its European headquarters in Liverpool, marking a significant step in expanding its presence in the European market [1] - The first phase of the project will focus on sales, initially launching a new energy multi-functional commercial vehicle, with plans to gradually expand to trucks and heavy-duty trucks [1] - The choice of Liverpool as the headquarters is based on various factors including local economic conditions, industrial foundation, geographical advantages, human resources, and local policies [1] Group 2 - Liverpool's CEO emphasized that Chery's decision to establish its European headquarters in the city reflects strong confidence in Liverpool and will bring extensive opportunities and benefits to the local community [2] - The UK market is open to new brands and vehicles, including electric vehicles, presenting a significant growth potential for Chinese electric vehicles [2] - The investment environment in the UK is attractive for Chinese companies, and the Liverpool government is committed to supporting Chery's local operations and development [2] Group 3 - Chery Commercial Vehicle plans to launch the FSCV-P (Future-Super-Commercial Vehicle-Program) platform strategy by December 2025, aiming to lead the next generation of commercial vehicle technology with a focus on new energy and intelligent architecture [3] - The new VAN product is the first outcome of the 3.0 platform and is crucial for validating Chery's capabilities in the European market [3] - The UK is identified as the highest market for VAN sales in Europe, followed by Germany [3]