Core Viewpoint - The company has signed a memorandum of joint cooperation with Chenzhi Automotive Technology Group to establish a joint venture focusing on automotive and motorcycle electronic products [1] Group 1: Joint Venture Details - The joint venture will have a registered capital of 402 million yuan, with Chenzhi Group contributing 282 million yuan for a 70% stake and the company contributing 121 million yuan for a 30% stake [1] - The joint venture will focus on areas such as intelligent driving domain control, power domain control, and multi-functional power supply [1] Group 2: Financial Impact - The signing of the memorandum is not expected to have a significant impact on the company's current financial status and operating results [1]