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| the completion of the construction, Yuebo Power helped its subsidiary Chongqing Yuebo to upgrade its production line

Yuebo Power has always focused on its main business and is committed to the research and development and production of new energy vehicle power systems.

In order to accelerate the upgrading and iteration of the core components of the new energy vehicle power system and enhance the comprehensive competitiveness of the company's product market, Nanjing Yuebo Power System Co., Ltd. (hereinafter referred to as "Yuebo Power") invested 50 million yuan to upgrade the tooth shaft parts production line of its subsidiary Chongqing Yuebo Transmission System Co., Ltd. (hereinafter referred to as "Chongqing Yuebo"), optimizing the product layout through the upgrading of the production line, and realizing process upgrading, production efficiency improvement and market expansion.

As we all know, the overall efficiency of electric vehicles equipped with suitable transmissions is higher, Chongqing Yuebo is a subsidiary established by Yuebo Power in 2017 with the acquisition of Chongqing Beiben Transmission Manufacturing Co., Ltd. (one of the earliest enterprises in China to carry out transmission research and development and industrialization), and the purpose of the acquisition is to strengthen the research and development and application of Yuebo Power in electric vehicle manual transmissions and manual transmissions and related parts. At present, Chongqing Yuebo has made major breakthroughs in the research and development and industrialization of key automotive components such as motors and motor controllers, manual transmissions and automatic transmissions, auto axles and other key automotive components.

| the completion of the construction, Yuebo Power helped its subsidiary Chongqing Yuebo to upgrade its production line

Aerial view of Chongqing Yuebo

Equipment upgrades broaden the field of product adaptation

Tooth shaft parts are one of the important parts of the car gearbox, and the accuracy of such parts is related to the stability and comfort of the transmission and new energy vehicle power system. As a leading enterprise in the gearbox industry, Chongqing Yuebo has advanced R & D equipment, production equipment and first-class production workshop, with strict requirements on product process technology and stable product quality and performance.

| the completion of the construction, Yuebo Power helped its subsidiary Chongqing Yuebo to upgrade its production line

Chongqing Yuebo CNC gear hobbing machine

The purchase of advanced CNC equipment such as high-speed gear hobbing machine, data gear grinding machine, CNC machining center, CNC external cylindrical grinding machine, data internal hole grinding machine will help Chongqing Yuebo improve the positioning accuracy, equipment accuracy and tooling accuracy of tooth shaft parts processing, and promote the upgrading of parts processing accuracy. At this stage, the production precision of Chongqing Yuebo has been upgraded to Level 3, which can meet the accuracy requirements of passenger car products.

With the renewal and investment of advanced CNC equipment, Chongqing Yuebo has broadened the scope of processing parts and products, from the original mainly used in the field of new energy commercial vehicles such as tractors, buses, and automobile buses, to passenger cars, broadening the product market field.

High precision leads to new developments

With the strong support of Yuebo Power, Chongqing Yuebo actively exerts the effect of advanced equipment, accelerates the skills training of technical personnel and the addition of product categories, overcomes a number of technical difficulties, and improves product performance from the aspects of noise, strength and efficiency.

In addition, Chongqing Yuebo has vigorously expanded the external market and undertaken the collaborative processing of wind power tooth shaft parts and the collaborative processing of passenger car tooth shaft parts. It is understood that wind power tooth shaft parts are mainly used in aerospace, racing, shipping and other areas with higher requirements for performance and noise, and the gear grinding accuracy of passenger car transmissions is more precise than that of commercial vehicles.

Through the upgrading of the production line, Chongqing Yuebo has advanced machining production line, first-class heat treatment production line, high-precision and high-reliability grinding line and automatic assembly line. The upgraded production line superimposes industry-leading testing and testing equipment to carry out strict testing and verification to ensure product quality. Undertaking the passenger car project is conducive to the expansion of cooperation between Yuebo Power in the field of new energy passenger vehicle power system, and lays the foundation for the later development of new energy passenger vehicles.

In the future, Chongqing Yuebo will introduce intelligent manufacturing production mode and build a digital workshop with high-performance integrated electric drive system. Parent company Yuebo Power will continue to increase investment in Chongqing Yuebo technology, with the help of the company's national postdoctoral research workstation, national intelligent manufacturing comprehensive standardization and new model application project, national enterprise technology center, provincial key laboratory and other research and development platforms to break through technical bottlenecks, and is committed to building Chongqing Yuebo high-quality new energy vehicle power system core components enterprises.

Chongqing Yuebo will also provide customers with satisfactory products through its own technical advantages, further ensure that Yuebo Power has the industry-leading electric vehicle transmission technology, improve the market competitiveness of Yuebo Power in the industry, and escort the sustainable and healthy development of Yuebo Power.

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