BYD released a statement highlighting its keen interest in the outcomes pertaining to the automotive sector from the second regular session of the China-EU trade and investment consultation mechanism. The consultations yielded significant consensus, effectively addressing trade disputes, averting the escalation of tensions, and taking into consideration the prevailing circumstances and legitimate concerns of the automotive industries in both China and Europe. This, in turn, has established a stable, predictable, and sustainable environment conducive to China-EU trade cooperation in hybrid vehicles. Looking ahead, BYD remains committed to pursuing technological innovation to mitigate greenhouse gas emissions and reduce humanity's dependence on fossil fuels. BYD is eager to collaborate with its domestic counterparts to collectively advance the healthy and systematic internationalization of China’s automotive industry.