Globally, NEVs have a very promising market, and are on the fast track driven by both polices and innovations. In 2016, a total of 770,000 units of NEVs have been sold in the world, in which China, the United States and Europe accounted for 90% of the global sales. Based on the NEV planning of the above-mentioned 3 major markets, global NEV sales could go up to 3.5 million units by 2021. China is expected to produce NEVs at 750,000, 1.1 million, 2 million and 2.9 million units respectively from 2018 to 2021.

Driven by the vision of “Smart EVs to Enable More People in the Clean Mobility”, we strive to be a world class EV company that makes super intelligent EVs, with our core advantages in strong capabilities of complete vehicle manufacturing, electric power-train systems, and autonomous driving technologies and brand DNA.We have the American headquarters and R&D headquarters in the Silicon Valley, and we are also joined by global top EV experts such as Martin Eberhard and Yifan Tang. Our operations in 7 places of 4 countries facilitate the R&D of the EV core technologies and autonomous driving.As for manufacturing, we acquired the civil plant and assets of AM General in the U.S with 110 million USD. With AM General’s capabilities in producing Hummer and Mercedes, we aim to build and strengthen our manufacturing abilities of NEVs. We also invested 2.5 billion RMB in China for the digital factory, and in partnership with global giants such as Siemen, Dürr and AFT, we explore intelligent manufacturing of Made in China 2025.We are also launching a new EV brand, supported by our years’ experience in complete vehicle manufacturing and operation, excellent coverage of sales and marketing networks and innovative sales models. According to our mid-term plan, we are trying to meet our target in product performance and sales volume.

On January 5, 2017, we received the reply from the National Development and Reform Commission that approved our application to annually produce 50,000 units of pure EVs. Jinkang Automobile, a subsidiary of Sokon will implement this project. The factory will be built in Chongqing Liang Jiang New Area, with a total investment of 2.5 billion RMB. This factory aims to be a leader in China and first-class in the world. We have cooperation with international big names such as Siemens in information system and Dürr and AFT in infrastructure and equipment, with a view to building a top brand based on digital, network-oriented, automated and intelligent production lines.

Our NEV R&D is operated in 7 locations of 4 countries of China, the United States, Germany and Japan. Our American headquarters and R&D Center are in the Silicon Valley of California, USA. A branch office has been set up in Michigan for R&D. Mr. Martin Eberhard, founder and first CEO of Tesla-a world leading NEV maker and his InEVit team members have joined us, which will help us to attract more EV talents and make our team even stronger.

We are a manufacturing enterprise for the production, sales and services of complete vehicles, engines, and spare parts. In the ICE field, passenger vehicles (including SUVs, MPVs, and crossover passenger vehicles) and commercial vehicles are our backbones. While trying to improve our strategies in the NEVs, we attach equal importance to the fast growth of ICEs, such as the upgrading of SUVs, intelligent IoT systems that will reinforce our competitive edges in the major business lines. Our new intelligent factory will be built according to Made in China 2025standards, and this digital factory will produce advanced intelligent vehicles with better quality, greater value and bigger added values.