Dare Auto: Continuously monitor changes in U.S. tariff-related policies and take proactive measures to respond

Dare Auto stated at the 2024 annual performance briefing held on May 8 that its wholly-owned subsidiary, KakuSi, has established a global production, sales, and R&D network covering Europe, North America, and Asia. Products can be produced and supplied locally through more than a dozen factories with a global layout, avoiding excessive reliance on a single country or market. The company's domestic factories have direct export business to the United States, and the safety stock currently stored in overseas warehouses can still meet customers' short-term needs, with limited expected impact on the company's operating revenue and overall production operations. The company is also actively negotiating and discussing response plans with customers, implementing certain production transfer plans to reduce tariff burdens. The company will continue to monitor changes in U.S. tariff-related policies and take proactive measures to respond