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Guangzhou Automobile Qichao Automobile Co., Ltd., established on December 9, 2010, is a joint venture established by Guangzhou Automobile Group Co., Ltd. and Zhejiang Qichao Holding Group Co., Ltd., with a share ratio of 51:49. The predecessor of Guangzhou Automobile Qichao was Qichao Group Co., Ltd., headquartered in Taizhou, Zhejiang. Since its establishment in 2003, Qichao Group has grown rapidly with flexible management mechanisms and continuous independent innovation, becoming one of the enterprises supported by the People's Government of Zhejiang Province and one of the first "National Automobile Whole Vehicle Export Base Enterprises." Guangzhou Automobile Qichao has three major production bases in Taizhou, Hangzhou, and Dongying, one automotive research institute, two marketing companies, and seven spare parts manufacturing factories, with more than 3,000 employees, including more than 300 senior engineering and technical personnel as well as senior management personnel. The company's product line covers pick-up trucks, SUVs, and minivans, with an annual production capacity of hundreds of thousands of complete vehicles and engines. Adhering to the corporate spirit of "Taking Action Immediately," Guangzhou Automobile Qichao has created the "Qichao Speed" of Chinese private enterprises in car manufacturing and has successfully exported to Europe, Africa, the Middle East, and other countries and regions. Guangzhou Automobile Qichao is committed to becoming one of China's competitive independent brands. Through resource integration, continuous innovation, technological enhancement, and active exploration of both domestic and international markets, it has established a good brand image in the automotive industry.