Weiqiao Group's Ruisheng Automobile enters the MPV market

Ruisheng Auto, a subsidiary of Weiqiao Group, has announced a full-scale investment in the MPV market, with plans to launch three new models: the M7, M9, and E6, covering a price range of 160,000 to 600,000 yuan. The group will invest 13 billion yuan in Yantai to build an MPV plant with an annual production capacity of 300,000 units. The group will also collaborate with CATL and Huawei Digital Energy on the development of skateboard chassis and 5C supercharged batteries. Over the next five years, Weiqiao will invest an additional 20 billion yuan in R&D and sales, aiming to rank among the top three global MPV sellers by 2028.