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The Pearl River Automobile brand is associated with Guangzhou Automobile Group Co., Ltd. (GAC Group). GAC Group is a large state-controlled joint-stock enterprise group, established in 1997, with its headquarters in Guangzhou, China. GAC Group owns two independent brand automobile enterprises, GAC Passenger Cars and GAC Aion, and its main business covers six major sectors: automobile R&D, complete vehicles, parts, trade services, financial services, and mobility services. Pearl River Investment Management Group (Pearl River Investment Management Co., Ltd.) has a strategic cooperation relationship with GAC Group. In January 2021, GAC Group signed a strategic cooperation agreement with Pearl River Investment Management Group and Guangdong Yuanzhi Technology Group Co., Ltd. to jointly promote the development of smart cars, with an initial investment of 3 billion yuan expected. In addition, Pearl River Investment Management Group also played an important role in the development of HYCAN Automobile Technology Co., Ltd. (HYCAN). HYCAN Automobile is a new automobile brand jointly established by GAC Group, NIO, and Pearl River Investment Management Group, focusing on the definition, R&D, sales, and services of new energy vehicles. At the beginning of 2021, HYCAN Automobile completed an increase in capital and expansion of shares, introducing Pearl River Investment Management Group as a cross-industry strategic partner, and was renamed "HYCAN Automobile Technology Co., Ltd." in April of the same year. Pearl River Investment Management Group provided HYCAN Automobile with financial support, AI, intelligent networking, big data, and other cutting-edge technologies, as well as marketing materials and platforms, and sales and delivery locations. In summary, although the Pearl River Automobile brand does not directly appear, Pearl River Investment Management Group, as a partner of GAC Group, has played an important role in the development of smart cars and new energy vehicles. Through cooperation with GAC Group, it has jointly promoted the progress of the automotive industry.