Based on company innovation, the transformation of consciousness of self adjusting, and the responsibilities towards human living and survival, Wanxiang Group started to set foot into the clean energy industry by investing several billion RMB. Through persistent seeking, the future of Wanxiang’s clean energy business became more and more clear --- new energy automobile and “Wanxiang Innovative Energy Fusion City”. Thus, besides self-research and development, Wanxiang Group actively looking for the cooperation with leading enterprises in the global market, in order to use global resources for competing in the global market. The Group made greater efforts in recent years. It had cooperation and joint venture with SAIC in China to produce new energy buses, formed important strategic business relationships with Karma Automotive and BMW Company. By utilizing BMW’s new technology, Wanxiang is planning to make a series of hybrid automobiles or battery electric vehicles with top quality and cutting-edge technologies.
Wanxiang Group is forming his own advantages in terms of synergy. In the next, we are going to invest more than 200 billion RMB bit by bit to build a 10 square kilometers’ Wanxiang Innovative Energy Fusion City. The hub includes four industry sectors, namely new energy automobile component, new energy automobile battery, battery electric passenger bus, and new energy passenger vehicle. This will become the masterpiece witnessing the transformation of Wanxiang Group. This hub will also be an opening, sharing innovation platform. Through industry investment, we are trying to merge together all such three elements like industry, hub and people. The primary purpose is to make this hub as a new model of an green, intelligent, functional, and convenient modern city.