Chongqing Jinkang Powertrain New Energy Co., Ltd.,(“Jingkang Powertrain”), a subsidiary of Seres Group (SH601127), was established in January 2018, specializing in new energy power system business. The company is a new energy vehicle power system solution provider, integrating production, sales and research. The main products are electric drivetrain, electronic control and super range extension system, with a planned annual production capacity of 300,000 units. The factory is located in the Science and Technology Industrial Park of Science City, High-tech Zone of Chongqing. The overall construction is based on the requirements of Industry 4.0 to create a "domestic leading and international first-class" digital factory. Covering an area of 565 acres, the factory has a planned total investment of 3.1 billion yuan. The highly automated, intelligent and integrated motor and electronic control production line designed in house has reached the world's advanced level.