Jiangling Group and Jingwei Hirain jointly invest 3 billion to develop automotive electronic products

Jiangling Group and Jingwei Hirain jointly invested 3 billion yuan to focus on the research and development and production of automotive electronic products and new energy vehicle battery packs. The first phase of the project is expected to form an annual production capacity of 1 million sets of automotive electronic products and 5GWh new energy vehicle battery packs. The company plans to jointly establish Jiangxi Jingwei Hirain Technology Co., Ltd. with Jiangling Group's wholly-owned subsidiary Jiangling Jingma. The company's initial registered capital is 200 million yuan, of which Jingwei Hirain subscribed 120 million yuan and held 60% of the shares; Jiangling Jingma subscribed 80 million yuan and held 40% of the shares. It is mainly engaged in the research and development, production and sales of automotive electronic products (including autonomous driving systems, T-BOX, gateways, differential lock controllers, headlight controllers, etc.), new energy vehicle battery packs, and integrated chassis.