In recent days, East Wind Automobile Group and MIMIT (Italian Manufacturing and Innovation Ministry) held talks on the establishment of a production factory in Italy, which have made significant progress. The negotiations for the establishment of the factory in Italy have entered the later stage. In early July, the Minister of MIMIT visited China to meet with the high-level management personnel of East Wind Group and discussed potential investments in Italy. During the visit of Prime Minister Meloni to China last week, MIMIT and the Ministry of Industry and Information Technology of China signed a memorandum of understanding on bilateral cooperation in the field of electric vehicles.