Recently, Zhejiang Yizhen New Energy Automobile Co., Ltd. has undergone a shift in its leadership structure, with Li Donghui resigning from his position as chairman and being succeeded by Gan Jiayue. The company, which was founded in May 2021, boasts a registered capital of approximately RMB 434 million. Its legal representative is Nan Shengliang, and the company's operations encompass the research and development, wholesale, and retail of automotive components, design services, engineering and technical research, as well as the sales of complete new energy vehicles. Zhejiang Yizhen New Energy Automobile Co., Ltd. is a joint venture between Geely Group (Ningbo) Co., Ltd. and Geely Automobile Group Co., Ltd.