Currently, Zhejiang Province is building a 100 billion level characteristic industrial cluster for new energy vehicle components, with a solid industrial foundation. In Ningbo, there are already over 5000 affiliated enterprises in the new energy vehicle industry, including Junsheng Electronics. About 50% of the automotive parts companies provide supporting facilities for new energy vehicles. Ningbo is expected to achieve new energy vehicle production accounting for over 50% of the city's automobile production by 2025.

　　In order to accelerate the overall high-quality development of the new energy vehicle industry and create supporting and cluster effects for Ningbo's new energy vehicle industry, on May 25th, Ningbo held the inaugural meeting of the New Energy Vehicle Research Association and the mobilization and deployment meeting for Ningbo to build a new energy vehicle city, and held the unveiling ceremony of the research association. At the conference, Wang Jianfeng, the chairman of Junsheng Electronics, was successfully elected as the vice president of the research association and also one of the five initiators of the association.

　　It is reported that the members of the Ningbo New Energy Vehicle Research Association cover the entire vehicle, components, and other upstream and downstream enterprises and institutions in the industry chain. They will strengthen research and consulting services around the goal of building a new energy vehicle city, focusing on industry, policy, technology, market, etc., and provide expert advantages and think tank support for the development of the Ningbo new energy vehicle industry. At the same time, the research association will also promote cooperation between leading enterprises and upstream and downstream enterprises, establish platforms and link resources, and promote cooperation in industrial chains, supply chains, innovation chains, talent chains, and other fields.

　　Junsheng Electronics is a leading global supplier of automotive electronics and automotive safety, and also one of the leading enterprises in the high-quality development of the digital economy in Zhejiang Province. Guo Jishun, Vice President of Junsheng Electronics and President of Junsheng Intelligent Automotive Technology Research Institute, introduced that the company has entered the new energy vehicle race around 2009, not only mastering the core technology of new energy management, but also forming leading advantages in the integration of artificial intelligence AI and the automotive industry, such as intelligent cockpit/networking, intelligent driving, and automotive safety.

　　Junsheng Electronics stated that the company attaches great importance to the market opportunities for the development of new energy vehicles and has made multiple layouts. Junsheng Electronics hopes to develop together with relevant parties in the Ningbo new energy vehicle industry through the Ningbo New Energy Vehicle Research Association, and jointly build the Ningbo New Energy Vehicle City.