Zhejiang Yizhen Automobile Co. Ltd.'s Changes and Profile

TapTechNews October 9th news, on September 27th, there was an industrial and commercial change in Zhejiang Yizhen Automobile Co., Ltd. Nan Shenglang stepped down as the legal representative, executive director, and manager, and Fan Qihu took over as the legal representative and manager and served as a director.

Zhejiang Yizhen Automobile Co., Ltd. was established in April 2016, with a registered capital of approximately 347 million Chinese yuan, jointly held by Zhejiang Yizhen New Energy Automobile Co., Ltd. under Geely and Yiwu Houtong New Energy Automobile Industry Investment Fund Partnership Enterprise.

The company introduction shows that Zhejiang Yizhen Automobile Co., Ltd. has a total investment of 7.2 billion US dollars (about 49.68 billion yuan), carrying the localization project of the British TX5 technology. The products use the latest energy power system developed by Geely Group, as well as technologies such as lightweight, exclusive modeling, and intelligence. Based on the British product platform, it has derived and developed two platforms of 2.5 tons and 3.5 tons, and produces 6 series of models, mainly including the TX5 series of new energy passenger cars, new energy logistics transport vehicles (LCV), light commercial vehicles (MPV), and high-end luxury business vehicles, high-end administrative business vehicles, and pickup trucks. The planned output reaches 100,000 units per year.

TapTechNews learned from inquiring about industrial and commercial information that the shareholder Zhejiang Yizhen New Energy Automobile Co., Ltd. of this company is still Nan Shenglang serving as the legal representative, director, and manager.