In March this year, our company submitted a key project scheduling of technological innovation (the first programs in 2012) “charging station and charging equipment of electric automobile” to relevant departments in Qingdao. Having passed final audits of Qingdao Economic and Information Commission, this project received the project approval. New energy vehicles, mainly the electric automobile, will become a significant part ofChina's energy efficiency efforts. As the relevant industry standards of electric vehicles, storage battery and charging station have been published in succession, the electric automobile as well as its matched charging station will become the main investment development project of each car enterprises, districts and our country. The project of our company will sure to become a development project that is supported by Qingdao, which makes our company to go a step further in entering into new energy vehicles fields.