Jiangling Group New Energy is a subsidiary of Jiangling Group, specializing in new energy vehicles, established in 2015 and located in Nanchang, Jiangxi. The company is committed to the research and development, production, and sales of pure electric vehicles, hybrid vehicles, and related core components. Jiangling New Energy has launched several electric vehicle models, including the Yi Zhi EV3, EX5, E200N, E200, and E160, covering the pure electric passenger car market from hatchbacks to sedans. In 2016, Jiangling New Energy's project to produce 50,000 pure electric passenger vehicles annually was approved by the National Development and Reform Commission, becoming the seventh enterprise to obtain the qualification for new energy vehicle production. In addition, Jiangling New Energy has cooperated with Baidu Apollo to launch a new smart travel flagship product —— the Yi Chi 06, further strengthening its layout in the field of intelligent new energy vehicles. The establishment and development of Jiangling New Energy signifies Jiangling Group's deep involvement and long-term planning in the new energy vehicle industry.