As a wholly-owned subsidiary of SAIC, Shanghai Automobile Gear Works is an independent and neutral enterprise, serving the R&D and manufacturing of drive and transmission products of domestic and foreign OEM. The company's headquarters is located in Jiading Industrial Zone, Shanghai. In 2020, SAGW's operating income is 10.9 billion, and we still achieved a 2% growth under the impact of the new crown epidemic. The sales volume of gearbox assembly is 3.287 million sets / set, including nearly 1.3 million sets of manual transmission, nearly 0.6 million sets of automatic transmission, nearly 80 thousand sets of electric bridge products and nearly 1.3 million sets of transmission parts. At present, our market share is 14.5%, which means that one out of every 7 vehicles sold in the domestic market is equipped with SAGW products. Our total assets are 13.8 billion yuan, with a total area of 910 thousand square meters and 5,500 employees.