Core Viewpoint - The company plans to establish a joint venture named Jianghai Innovation Research Institute, focusing on new technology research and talent cultivation to support its strategic development and address gaps in its current R&D system [1] Group 1: Joint Venture Details - The joint venture will be formed with Zhejiang Economic Construction Investment Co., Ltd. and Zhejiang Provincial Transportation Group Technology Research Institute Co., Ltd. [1] - The registered capital of the joint venture is set at 50 million yuan, with the company contributing 30 million yuan, holding a 60% equity stake [1] - The Technology Research Institute will contribute 15 million yuan for a 30% stake, while Zhejiang Economic Construction Investment will contribute 5 million yuan for a 10% stake [1] Group 2: Strategic Focus - The joint venture aims to conduct research based on market demand and the company's strategic development [1] - It will leverage resources from university laboratories and research teams to enhance technology iteration in the industry [1] - The establishment of this joint venture is intended to fill the existing gaps in the company's R&D capabilities regarding new products and technologies [1]