Chongqing Changfan New Energy Automobile Co., Ltd. is a joint venture established by Shenzhen Nanfang Tongzheng Investment Company and Chongqing Bodwell Electric Vehicle Company, with a registered capital of RMB 100 million. The company has acquired 1,000 mu of land in the Zhongxian Migrant Ecological Industrial Park in Chongqing to build a modern factory with an annual production capacity of 200,000 economy electric vehicles, with a total investment of RMB 1.5 billion. Shenzhen Nanfang Tongzheng Investment Company is the controlling shareholder of the listed companies Wanli Co., Ltd. (600847) and Hainan Haiyao (000566); Chongqing Bodwell Electric Vehicle Company possesses core technologies and successful experience in the overall design of economy electric vehicles, electric powertrain system design, and the economy electric vehicle market. Chongqing Bodwell Electric Vehicle Company has been committed to the research and development of cutting-edge technologies such as complete economy electric vehicles and energy systems, motor systems, control systems, and human-machine interaction systems.
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