Summary of CANDICE Conference Call Company Overview - The conference call discusses the results for CANDICE for the full year 2024, highlighting the company's performance in the electric off-road vehicle sector [1][2]. Key Industry Insights - CANDICE has consolidated its leadership position in the electric non-public roads sector and expanded market coverage through enhanced manufacturing capabilities [2]. - The electric off-road segment remains the core of CANDICE's business, with steady demand driving revenue growth [2][3]. Financial Performance - In 2024, CANDICE achieved modest yet meaningful revenue growth, attributed to steady demand for electric off-road vehicles and optimization of its geographic footprint [2]. - The company maintained profitability and a robust cash position while navigating market dynamics [2]. Product Development - CANDICE launched several new models in the North American market, including the 110K multi-powered electric vehicles and a limited-edition Golf car [3]. - The company is focused on advancing next-generation battery technology and enhancing its overall product portfolio [2][4]. Strategic Initiatives - A management incentive program has been implemented to align leadership rewards with key performance metrics, motivating the senior team to focus on sales growth and operational excellence [3][4]. - CANDICE plans to expand its dealer network and deepen strategic partnerships, including a recent collaboration with CBAK Energy for localized lithium-ion battery production in the U.S. [4]. Future Outlook - The company is committed to launching innovative battery and vehicle solutions while executing its U.S. localization roadmap [4]. - CANDICE is positioning itself for sustainable long-term growth by leveraging clean energy incentives and aligning production closer to the mid-range market [4]. Additional Notes - The call included forward-looking statements that involve risks and uncertainties, with actual results potentially differing from expectations [1]. - There was no live Q&A session, and inquiries were directed to the company's investor relations email [5].