Business Model

Shifting from pure vehicle sales to hardware + technical software
subscription + data integration value-added services

Vehicle sales

Branch line new-energy intelligent refrigerated vehicle sales

• Relying on strategic partners to open the B-end market
• Deep cultivation of C-end individual consumers • Both at home and abroad

Technical Software Subscription

Technology subscription such as intelligent software/automatic driving

• Subscription of intelligent driving cab/APP software service
• Automatic driving OTA upgrade, with upgraded high-level automatic driving subscription

Big Data Service Subscription

B-end data interconnection and vehicle service data subscription

• User data analysis value-added services
• Cargo route and distribution analysis value-added services

Sales Mix

30%

China sales

70%

overseas sales

Phase I

Starting layout in China, Southeast Asia and the
Middle East from 2024

Phase II

Starting to enter European/American
market from 2026