A few days ago, we learned from relevant channels. Following the completion of the previous round of financing in May this year, AIWAYS Auto has been blessed with industrial capital, and this round of financing is from Chen Xuanlin and his Dongbai Group, with a financing amount of hundreds of millions of dollars.
Since the end of 2017, Chen Xuanlin has participated in many rounds of financing of AIWAYS Automobile, as an old shareholder, among the multiple investment intention parties in this round of financing, Chen Xuanlin's further strategic investment has been unanimously selected, recognized and supported by the existing shareholders and the founder team.
Founder Fu Qiang continued to serve as the company's president, Chen Xuanlin as the chairman of AIWAYS Automobile, and Zhang Yang as the company's CEO. Zhang Yang is also a senior management expert in the new energy automobile industry, and has served as vice president of NIO industry development, with rich industry experience and resources. The new governance structure will greatly help AIWAYS to improve the company's management and product structure, improve operational efficiency, focus on strategic development directions, and enhance the competitiveness and influence of enterprises.