Core Viewpoint - Chinese automotive dashboard manufacturer Heilongjiang Tianyouwei Electronics announced an investment of €65 million to establish a wholly-owned subsidiary in Morocco, aiming to enhance cooperation with local automotive manufacturers and expand into the European market [1] Group 1: Investment and Expansion - The investment of €65 million will be used to set up a subsidiary in Morocco [1] - The Moroccan subsidiary is expected to become one of the most important overseas production bases for the group [1] Group 2: Market Strategy - The establishment of the subsidiary is part of a strategy to deepen collaboration with local automotive manufacturers in Morocco [1] - The move is aimed at enhancing the company's international competitiveness amid increasing global competition in the automotive industry [1]

Group 1 - The company Tianyouwei plans to go public on the Shanghai Stock Exchange, marking a significant IPO in the A-share market after a year [2] - The IPO price is set at 93.5 yuan per share, the highest in 2023 and the highest in nearly 14 months, despite a low price-to-earnings ratio of 13.5 times, significantly below the industry average of 27 times [2] - Tianyouwei specializes in automotive instrument panels and is a core supplier for Hyundai Motor Group, also supplying to major brands like BYD, Changan Automobile, and Geely [2] Group 2 - The company is expanding into the smart cockpit sector, where in-car screens are becoming essential for user interaction, information display, and entertainment [3] - The automotive industry is moving towards reducing physical buttons and increasing the number of screens, promoting multi-screen and large-screen integration in vehicles [3] - The target audience for smart cockpits is expanding beyond drivers to include passengers, enhancing the demand for in-car entertainment features [4] Group 3 - The smart cockpit is a key strategic direction for connected vehicle companies, driving innovation in integrated hardware and software experiences [4] - The evolution of vehicles into a "third living space" is anticipated, providing users with new possibilities and experiences outside of home and office environments [4]