Shanghai (ZXZC)-On September 21st, CH Auto Technology announced that Beijing CH Auto Technology and Nanjing Economic and Technological Development Zone Management Committee signed a "New Energy Automobile Industry Strategic Cooperation Framework Agreement".  The two sides will jointly build Nanjing new energy automobile industry cluster. Nanjing development zone through a variety of ways finances 2 billion Yuan to CH Auto and its subsidiaries for the development of new energy automotive industry.

According to the strategic cooperation framework agreement, CH Auto will establish central pivotal in the development zone for new energy vehicles production and research marketing, including the establishment of new energy automobile research and development center, manufacturing factories of the core components, giving full play to all kinds of resources in Jiangsu Province, Nanjing city and the development zone.

The announcement said that new energy vehicle is an important part of the national strategic emerging industry. Yangtze River Delta region has all kinds of external environment resources for the development of new energy automotive industry. The central pivotal in Development Zone will accelerate the company's new energy automotive business in Jiangsu Province, and be conducive to the development of Nanjing new energy automobile industry cluster. The 2 billion yuan of funds supported by Nanjing Development Zone will greatly enhance the company's comprehensive strength and will have a positive far-reaching impact on sustainable and steady development of the company's new energy automotive business.