On February 18th, the Xuzhou City Major Industrial Project and the opening of the Xuwo New Energy Passenger Vehicle Xuzhou Production Base were held, and the construction of the Xuzhou Base Project was fully launched. Xu Tiegen, secretary of the Xuzhou Municipal Party Committee, deputy secretary of the municipal party committee, mayor Zhuang Zhaolin, member of the Standing Committee of the Municipal Party Committee, Wang Qiang, secretary of the Party Committee of Xuzhou Economic Development Zone, and Huang Hongsheng, chairman of the Kaiwo Group, attended the ceremony.

The Xuzhou New Energy Passenger Vehicle Xuzhou Production Base Project officially signed into Xuzhou on September 12, 2018. The project has a total investment of 7 billion yuan and is designed as a battery PACK factory with a total capacity of 300,000 units/year and a core component for production. It will be implemented in two phases, including: the total investment of the first phase project is about 3 billion yuan, the designed production capacity is 120,000 vehicles/year, and the maximum load can reach 150,000 vehicles/year. It is scheduled to be put into operation in June 2020; the sales of passenger cars will reach 15 The second phase of construction will be started after 10,000 vehicles/year, with a total investment of about 4 billion yuan and an additional design capacity of 150,000 vehicles/year. After the project is put into production, it will realize an annual output value of over 10 billion yuan, and effectively promote the development of Xuzhou automobile supporting industry.

Kaiwo Automobile Group is a high-tech enterprise integrating R&D, manufacturing, sales and service of new energy vehicles and core components. Since the acquisition of Nanjing Jinlong Bus in 2011, the company has achieved leap-forward development and has now settled in the first camp of domestic new energy buses. The Group's output value ranks first in the province for four consecutive years. In 2018, in the case of economic downturn and manufacturing downturn, Kaiwo Auto rose against the trend and sales increased by 30%! The Xuzhou base project of Kaiwo passenger car is the top priority of the future development of the entire Kaiwo Group, carrying the grand dream of Kaiwo’s 100 billion production value.

Huang Hongsheng, Chairman of the Kaiwo Group, welcomed all the guests who attended the groundbreaking ceremony and expressed sincere gratitude to all governments and relevant departments that care about and support the project construction! He said: "Today, the Kaiwo passenger car base officially started construction, which truly reflects the speed of Xuzhou and the speed of the economic development zone. Under the care of the leaders of the Xuzhou Municipal Party Committee, the Municipal Government and the Economic Development Zone, just a few During the month, the Xuzhou production base in Kaiwo has undergone earth-shaking changes. I remember that it was still a barren land three months ago. Today, the roads are accessible and the land is level. A modern passenger car production base is emerging. During the Spring Festival, Many comrades in the opening area gave up their rest time and braved the cold and fought in the construction of the Kaiwo base. We were deeply moved. The superior business environment in Xuzhou and the efficient and pragmatic style of work of all departments have created a great opportunity for the rapid advancement of our project. Amazing "Xuzhou Speed"! Here, we express our heartfelt thanks to Zhou Shuji, Zhuang Mayor and Xuzhou City leaders at all levels."

Wang Qiang, member of the Standing Committee of Xuzhou Municipal Committee and secretary of the Party Working Committee of Economic Development Zone, said in his speech: “The Economic Development Zone is the main battlefield for project construction, and the enterprise is the main force to promote high-quality development. Service projects and service enterprises are our vocations, today’s The Kaiwo new energy passenger vehicle Xuzhou production base opened in the open area, and 32 projects including Zhongke Zhixin IC wafer-level packaged chips are the four strategic emerging leading industries in the city's key development, which will surely drive high for Xuzhou. The development of quality and the construction of the central city of Huaihai Economic Zone have injected strong momentum. The commencement of the Xuzhou passenger car base project not only marks a solid step for the Kaiwo Group to the value of 100 billion, but also rewrites the production of passenger cars in Xuzhou. The history of the base will definitely provide strong support for Xuzhou to become a bigger and stronger new energy automobile industry."

In 2019, Kaiwo, Jiangsu Province will complete three major events: factory construction, production equipment installation and the first PPV prototype off-line, ensuring the completion of the four major process plants before the end of July. The production line will be installed before the end of December, and the first vehicle will be off the assembly line. . Kaiwo Group will actively respond to the strategic deployment of Xuzhou City to develop strategic emerging industries, and take Xuzhou as the strategic focus of the Group's development, and make our due contribution to the high-quality development of Xuzhou's economy and the construction of the central city of Huaihai Economic Zone! .