Core Viewpoint - The traditional fuel commercial vehicle market is undergoing structural adjustments, with a significant shift towards pure electric, hybrid, and fuel cell technologies, indicating an urgent need for the commercial vehicle industry to transition towards greening and intelligence [1] Group 1: Market Performance - Foton Motor's sales in the first quarter reached 170,215 units, a year-on-year increase of 9.8%, with new energy vehicle sales totaling 25,562 units, marking a substantial year-on-year growth of 174.2% [1] - The surge in new energy vehicle sales reflects Foton Motor's ongoing efforts in the new energy transition and showcases its technological, product, and strategic advancements [1] Group 2: Strategic Development - Foton Motor has been strategically positioning itself in the new energy sector since 2003, developing core technologies across hybrid, electric, and hydrogen fuel cell platforms to meet diverse user needs [2] - The launch of the "30 50 Strategy" in 2023 signifies Foton Motor's entry into the new energy strategy 2.0 phase, aiming for over 50% of its sales to come from new energy vehicles by 2030 and achieving carbon neutrality by 2050 [2] Group 3: Technological Innovations - Foton Motor has made significant advancements in hydrogen energy technology, particularly in high-pressure hydrogen storage systems, ensuring safety and efficiency in hydrogen storage and supply [3] - The company has developed a hybrid system controller (HCU) that enhances energy control and adapts to various driving conditions, improving overall vehicle performance [3] Group 4: Product Offerings - Foton Motor's new energy products cater to a wide range of applications, from urban delivery to cold chain logistics, creating a collaborative product line that meets diverse market demands [5] - The launch of the Euman Galaxy 3 electric product features fully self-developed core modules, achieving a 30% efficiency improvement through its proprietary electric drive and control systems [5] Group 5: Future Outlook - Foton Motor's strategic focus on new energy solutions is expected to unlock greater potential as technology evolves and application scenarios deepen, contributing to the global transition towards green transportation [6] - The recent surge in new energy vehicle sales is seen as a catalyst for a broader industrial revolution, marking the beginning of the commercial vehicle industry's journey towards carbon neutrality [6]