Zhejiang Qianhe Automobile Co., Ltd. was established, and Shanzi High-Tech is accelerating its layout in the new energy vehicle industry.

Zhejiang Qianhe Automobile Co., Ltd. was recently established, spearheaded by Shanzi Hi-Tech, with former Tesla executive Zhu Renjie leading the car manufacturing team. The establishment of Qianhe Automobile signifies Shanzi Hi-Tech's accelerated expansion and resource integration in the new energy vehicle sector. In recent years, Shanzi Hi-Tech has been transforming into the new energy vehicle and semiconductor fields, having already established multiple subsidiaries in Shanghai, Zhejiang, and other locations. The establishment of Qianhe Automobile may serve as a key vehicle for Shanzi Hi-Tech to deepen its regional layout and integrate resources.