Avita's Chen Zhuo: We cannot become just a "hardware integrator," and the work related to the IPO is progressing steadily.

Avita Technology President Chen Zhuo stated that to compete in the high-end market, brands must maintain independence in computing power scheduling and complete vehicle solutions, avoiding becoming mere hardware integrators. Future research and development will focus on three main lines: original design, customized solutions for niche scenarios, and AI smart cabins. In the fourth quarter of this year, the brand will also launch a new six-seater flagship SUV. Regarding the IPO progress that has drawn public attention, Chen Zhuo noted that the company's IPO-related work is steadily advancing through the approval process in accordance with regulatory requirements, and there are no further details to be released at this time.