On June 16, the nascent automotive brand Youbaoli officially unveiled the offline production of its latest vehicle at its Shenzhen factory, simultaneously embarking on a dealer recruitment drive targeting second- and third-tier cities. Behind this burgeoning brand stands Baoneng Automobile, a company with a storied past that once held a controlling stake in Qoros and Changan Peugeot Citroen, and has since ventured into its own new energy vehicle (NEV) brand.