Great Wall Motor: Subsidiary plans to invest RMB 850 million in the construction of the second phase project of the high-end components of Yibin Great Wall New Energy Vehicles.

According to the announcement of HeSheng Holdings on February 10th, the company's wholly-owned subsidiary Guangdong HeSheng New Energy signed an "Investment Agreement" with the Management Committee of Yibin Sanjiang New District. According to the agreement, Guangdong HeSheng New Energy plans to invest in and construct the Yibin HeSheng New Energy Automobile High-End Components Phase II Project in Yibin Sanjiang New District, with an estimated total investment of 850 million RMB.