We adhere to the concept of "excessive input" in technology R&D and continue to increase capital investment to promote innovative R&D. We have invested more than 2.5 billion RMB in R&D in the past few years. The hydrogen energy technology center was built and put into use in 2018, it is currently the world's leading domestic first large-scale comprehensive R&D center for key components of hydrogen energy and fuel cell vehicles. Focusing on the world's cutting-edge key technologies of hydrogen fuel cells, GWM HYDROGEN-FTXT carried out platform design of key components for the passenger vehicle and commercial vehicle markets. The company will release a 200kW high-power hydrogen fuel cell engine and launch China's first third-party authoritative "Yanzhu" 70Mpa PRV by the end of 2021. As one of the reliable and sustainable energy solutions, the fuel cell system and related technologies independently developed and produced by the company have played an important role in decarburizing transportation. In 2021, the 49-ton "Rong-Yi Line" (Rongxin -- Yixian) demonstration line of hydrogen energy heavy trucks have put into operation, with 100 vehicles promoted in the initial stage and 800 vehicles in the future.

In the next step, GWM HYDROGEN-FTXT will earnestly implement the new development concept of green and low-carbon, actively build the ESG management framework, integrate the ESG concept into the company's operation management system, and release GWM HYDROGEN-FTXT’s first ESG report; boldly explore and try to implement the practice of "carbon label, carbon integral"; deeply explore the field of the hydrogen storage system and fuel cell utilization and development, lead the direction of green technology progress through technological innovation, provide customers with cost-effective hydrogen fuel cell technology solutions continuously, promote the virtuous cycle of symbiotic development between enterprises and ecological environment, and create a better future of green and sustainable development of mankind.