Core Viewpoint - Fawer Co., Ltd. has successfully enhanced its independent research and development capabilities, achieving recognition from Volkswagen Germany for its thermal system technology, breaking the long-standing foreign monopoly in this field [2] Group 1: Company Developments - Fawer Co., Ltd. announced the acquisition of a 36.5% stake in FAW-Valeo Automotive Air Conditioning Co., Ltd. from Valeo Cooling Systems and a 12.5% stake from Itochu Corporation for a transaction price of RMB 1 [2] - The successful development of key technologies in the passenger car thermal system sector lays a solid foundation for the independent development and strategic upgrade of FAW-Valeo [2] Group 2: Industry Impact - The advancements in thermal system technology by Fawer Co., Ltd. signify a shift towards self-sufficiency in the automotive thermal management sector, potentially influencing competitive dynamics within the industry [2]