DER Auto announced on June 3 that, following deliberations, the company had approved a proposal on May 30 to sign an agreement with the People's Government of Zhili Town, Wuxing District, Huzhou City, Zhejiang Province. Under this agreement, DER Auto plans to invest approximately 300 million yuan in establishing a new lithium battery pilot and industrialization project, as well as an intelligent motor industrialization project in Zhili Town. The objective is to foster a mutually beneficial partnership between the enterprise and the local government.