Yu Hao, the founder and CEO of Dreame Technology, headed a delegation to Germany to scout for a suitable location and lay the groundwork for establishing factories dedicated to Dreame's automotive and large home appliance ventures. Dreame Automobile is set to partner with BNP Paribas to construct a factory in Germany, in close proximity to Tesla's Gigafactory Berlin. Earlier, Dreame had signaled its enduring dedication to the automotive industry, unveiling plans for its inaugural ultra-luxury pure electric vehicle model, which is positioned to rival the Bugatti Veyron and is expected to hit the market in 2027. At present, the Dreame Automobile project has amassed a team of close to a thousand professionals, encompassing cross-industry talents in research and development, manufacturing, and quality assurance. This diverse team is composed of core R&D staff from Dreame's original smart hardware division, as well as veteran experts hailing from the traditional vehicle manufacturing realm.