“The automobile-related business will be integrated into the management of the company's Industrial Research Institute. In the future, it will mainly focus on exploration and research on general technology, and continue to invest and implement related technology production and research.” On September 1, in response to the rumor that the Chase Technology car building project was terminated, people related to Chase Technology said that the Chase Auto Business had abandoned mass production plans and only made corresponding technical reserves. MOVA is an independent brand sought after. It was launched in 2024. It positions itself as a global high-end AI smart lifestyle technology brand. Its business covers sweepers, floor washers, lawn mowers, small personal care appliances, and even plans to have consumer electronics businesses such as mobile phones, etc., and was once placed on the Group's second growth curve. According to people familiar with the matter, MOVA has not been completely cut down. Its household cleaning business, such as sweepers, which is highly overlapping with the main brand, has become the focus of this adjustment due to product line conflicts and repeated investment in R&D and supply chain; the outdoor garden robot-related business, which fits the Group's four main business directions, has retained technology and assets, and is subsequently integrated into the Group's outdoor garden circuit for unified operation.

“The automobile-related business will be integrated into the management of the company's Industrial Research Institute. In the future, it will mainly focus on exploration and research on general technology, and continue to invest and implement related technology production and research.” On September 1, in response to the rumor that the Chase Technology car building project was terminated, people related to Chase Technology said that the Chase Auto Business had abandoned mass production plans and only made corresponding technical reserves. MOVA is an independent brand sought after. It was launched in 2024. It positions itself as a global high-end AI smart lifestyle technology brand. Its business covers sweepers, floor washers, lawn mowers, small personal care appliances, and even plans to have consumer electronics businesses such as mobile phones, etc., and was once placed on the Group's second growth curve. According to people familiar with the matter, MOVA has not been completely cut down. Its household cleaning business, such as sweepers, which is highly overlapping with the main brand, has become the focus of this adjustment due to product line conflicts and repeated investment in R&D and supply chain; the outdoor garden robot-related business, which fits the Group's four main business directions, has retained technology and assets, and is subsequently integrated into the Group's outdoor garden circuit for unified operation.