Digital Currency X Technology Inc 's

The former automotive business operated in a competitive and evolving industry, with key factors including pricing, technological innovation, vehicle performance, quality, and safety. It faced competition from domestic and international manufacturers, including traditional car companies, joint ventures, and new energy vehicle manufacturers such as Nio Inc., Li Auto Inc., and Xpeng Inc. Many competitors had greater financial resources, which may have affected the former business's market position and financial performance. This competitive environment influenced the Board's decision to approve the Disposal. The discussion of competition in the automotive industry is not applicable to the company's current focus on technology and digital asset management.