Dezhong Automobile joined hands with five major new energy vehicle brands to open up the third- and fourth-tier markets

The rapid release of the new energy vehicle market has also brought major opportunities for Dezhong Automobile, which has been deeply engaged in third- and fourth-line automobile distribution and comprehensive services. According to the disclosure, in the past four months, Dezhong Automobile has successively set up 6 new Sun companies, and joined hands with five major new energy vehicle brands such as Great Wall-Euler, Xiaopeng Automobile, Huawei AITO, BAIC Jihu, and United Automobile-Nezha to jointly develop the third- and fourth-line sinking market.

The latest statistics show that in 2021, the sales of new energy vehicles in mainland China continued to grow rapidly, reaching 3.521 million units, an increase of 1.6 times year-on-year, ranking first in the world for seven consecutive years.

On September 17, 2021, Hunan Deyuan New Energy Automobile Group Co., Ltd., a wholly-owned subsidiary of Dezhong Automobile, established a wholly-owned subsidiary, Guiyang Zhongyuan Automobile Sales Service Co., Ltd., to operate the new energy vehicle brand Great Wall-Euler; on November 10, 2021, Hunan Deyuan New Energy Automobile Group Co., Ltd., a wholly-owned subsidiary, established a wholly-owned subsidiary, Zunyi Zhongmao Automobile Sales Service Co., Ltd., to operate the new energy vehicle brand Great Wall-Euler; Hunan Deyuan New Energy Automobile Group Co., Ltd., a wholly-owned subsidiary, established a wholly-owned subsidiary, Yueyang Zhonghao Automobile Sales Service Co., Ltd., to operate the new energy vehicle brand Xiaopeng Automobile; on November 22, 2021, Hunan Deyuan New Energy Automobile Group Co., Ltd., a wholly-owned subsidiary, established a wholly-owned subsidiary, Yueyang Zhongyue Automobile Sales Service Co., Ltd., operating a new energy vehicle brand Huawei AITO-Xilis; on December 24, 2021, Hunan Deyuan New Energy Automobile Group Co., Ltd. set up a wholly-owned subsidiary, Huaihua Zhongrui Automobile Sales Service Co., Ltd., operating a new energy vehicle brand Hezhong Automobile - Nezha; on December 24, 2021, Hunan Deyuan New Energy Automobile Group Co., Ltd. set up a wholly-owned subsidiary, Guiyang Zhongshan Automobile Sales Service Co., Ltd., operating a new energy vehicle brand BAIC-Jihu.

Dezhong Automobile said that the investment in new energy vehicle projects is a prudent decision made by the company in a market-oriented manner, which is in line with the company's development strategy and is conducive to improving the company's overall market competitiveness. The main business of Dezhong Automobile is automobile sales, after-sales maintenance, second-hand car trading, automobile testing, scrap car recycling, dismantling resource recycling and many services in the automotive aftermarket. (Liu Tao)