Dongyu Xinsheng Company Introduction

Hubei Dongyuxin New Energy Co., Ltd. was jointly initiated by Xinwanda Electric Vehicle Battery Co., Ltd., Dongfeng Motor Group Co., Ltd., and Dongfeng Hongtai Holding Group Co., Ltd. It was established on December 9, 2022 with a registered capital of 500 million yuan. The company is mainly engaged in the research and development, production, testing, sales, and operation of power battery cells (BEV), battery modules, and battery systems. The company covers an area of ​​945 acres, with a total investment of 12 billion yuan. It is expected to produce 30GWh of battery cells annually, achieve annual sales revenue of 24 billion yuan, and 700 million yuan in profits and taxes, and provide more than 3,500 jobs.