Hangzhou Jule Automobile Technology Co., Ltd. was established on June 1st, 2022 in Hangzhou, and is a key investment enterprise in Shangcheng District, Hangzhou. During its establishment, our company has established a complete personnel structure, with core members from vehicle manufacturers, banks, and online ride-hailing platforms at the middle and senior management levels. We have also reached deep framework cooperation with multiple car companies, domestic automotive export pilot enterprises, and foreign car dealers, to create a full-process and all-round automotive technology company. Our business includes: - Domestic trade: Our sales to domestic automotive export pilot enterprises and domestic car dealers have an annual turnover of 700 million yuan. - Foreign trade: Our exports to Russia, Central Asia, the Middle East, and Southeast Asia have an annual turnover of 300 million yuan. - Online ride-hailing assets: Our domestic affiliated company holds online ride-hailing assets with an annual turnover of 40 million yuan and a market value of 100 million yuan. - Huoerguosi Automobile Exhibition Hall: With a floor area of over 5,000 square meters (during the trial operation phase), we plan to achieve an annual turnover of 1 billion yuan. - Huoerguosi/Kashgar storage: With a floor area of over 6,000 square meters, we plan to achieve an annual turnover of 5 million yuan. - Automobile CKD/KD parts export: Our exports to Russia, Central Asia, and the Middle East (during the channel establishment period) have a planned annual turnover of 300 million yuan. Taking advantage of our channel superiority, Hangzhou Jule Automobile conducts thorough research on the automotive market and establishes a sales network, using a centralized procurement and distribution model for our automotive export business. In Russia and Central Asia, we have developed cooperation with over 100 comprehensive exhibition halls and sales channels, selling a total of over 4,000 units of 2 Geely models, 3,000 units of Kia K3, and 2,000 units of FAW Hongqi EMQ5 in the past year. In Southeast Asia, the Middle East, and North Africa, we have developed cooperation with over 30 sales channels and exported over 700 units of other brands.
