On January 16th, Jin Shi Data reported that the Chinese side has taken note of Canada's statement regarding the allocation of 49000 electric vehicles per year to China, which will enjoy a 6.1% most favored nation tariff treatment within the quota. In 2024, Canada will impose a 100% additional tax on Chinese electric vehicles, which will have a significant impact on China's exports of electric vehicles to Canada. According to the latest adjustment arrangement, Canada will provide China with an annual quota of 49000 electric vehicles, which will enjoy 6.1% most favored nation tariff treatment within the quota and no longer impose 100% additional tax. The quota quantity will increase year by year according to a certain proportion. The Chinese side believes that this is a positive step taken by Canada in the right direction, and it is also good news for China's electric vehicle development in the Canadian market. We hope that Canada will actively fulfill its commitments and continue to work in the same direction as China. Through friendly consultations, we aim to create a more fair, stable, and non discriminatory environment for further expanding trade and investment cooperation in electric vehicles between the two countries. We look forward to the industrial sectors of both countries seizing opportunities, strengthening connections, and achieving mutual benefit and win-win outcomes.