Recently, Hefei Yingzhida Automobile Sales and Service Co., Ltd. was officially incorporated, with Yin Xingjie appointed as its legal representative and a registered capital of RMB 10 million. The company's scope of business encompasses the sale of new energy vehicles, wholesale and retail distribution of automotive parts, used car brokerage services, self-funded investment activities, as well as the sale of electrical accessories and battery swapping facilities for new energy vehicles. The company's shareholding structure reveals that Yingzhida is a wholly-owned subsidiary of Yingfeng Investment Co., Ltd., which in turn is a subsidiary of Chery Automobile.