The establishment of the New Coordinates Drive Technology Co., Ltd.

According to the enterprise inquiry app, Hangzhou Jiuyue Eight Transmission Technology Co., Ltd. was recently established with a registered capital of 100 million yuan. Its business scope includes: manufacturing of automobile parts and accessories; research and development of automobile parts; manufacturing and sales of bearings, gears, and transmission components. According to the equity penetration displayed by the enterprise inquiry app, the company is jointly held by Xinbiao and others.