Yibin Kaiyi Automobile Co., Ltd. (“Kaiyi Auto”) was established in January 2014, which used to be a wholly-owned subsidiary company of Chery Automobile Co, Ltd. Kaiyi Auto is the only vehicle manufacturing enterprise in Sichuan Province with full qualifications of fuel and new energy for sedan, SUV and MPV. Kaiyi Auto is located in Yibin City, Sichuan Province with over 2,800 employees and the registered capital of 4.7 billion Yuan. Yibin Kaiyi factory was built and started manufacturing in December 2019 with yearly production capacity of 150,000 units and maximum of 250,000 units. Kaiyi Auto has more than 500 dealers and 800 service centers all over the world. It achieved global procurement of components, and its products were exported to over 30 countries and regions in Eastern Europe, Middle East, Africa, Central and South America and Southeast Asia. Kaiyi Auto owns a complete R&D system with the major product technology platforms, i-FA, i-EA and i XA, with the features of high-performance, multi-scene, expandable and modular, with which to meet the demands of global markets. Kajyi Auto will always be a user-centered and technology-led company driven by independent innovation. Kaiyi Auto will create leading products in auto industry with consideration of the whole scenario of users’ daily use and integrating global advantageous resources.