IAT(SZ:300825)2022-11-21 15:36Group 1: Company Overview and Business Model - The company has shifted its focus to new energy vehicle design and research, with 82.69% of its R&D projects in this area as of June 2021 [3] - The revenue recognition model for vehicle R&D is milestone-based, where payments are made upon client acceptance of project deliverables [2] - The company has nearly 300 successful vehicle R&D case studies, indicating a strong track record in the industry [3] Group 2: Market Position and Strategic Partnerships - The collaboration with Itochu aims to leverage Itochu's global marketing channels and the company's strengths in vehicle R&D design for international market access [4] - Establishing a subsidiary in Malaysia is part of the strategy to expand vehicle design and modification services in Southeast Asia, aligning with global automotive development trends [4] Group 3: Technological Development and Future Plans - The company continues to invest in V6 engine technology despite the shift towards new energy vehicles, aiming to overcome foreign monopolies and enhance domestic capabilities [4] - The company's EE architecture has been successfully applied in ongoing projects, receiving positive feedback [3]