Subsidiaries of Huatai Automobile

1. Huatai Automobile Rongcheng Huatai Automobile Co., Ltd.

Rongcheng Huatai Automobile Co., Ltd. was established in 2000. It is a nationally designated complete vehicle manufacturer and the only small car catalog in Shandong Province. Among the key manufacturing enterprises in Shandong Province's machinery industry (for six consecutive years), it ranks among the top 30 in terms of sales revenue and total profits and taxes. For many years, the company has been ranked second in tax payment in Rongcheng City. From 2004 to 2006, the company’s tax payment exceeded 100 million yuan for three consecutive years, and it was awarded the “Star Enterprise” for tax payment in Weihai City for three consecutive years. The factory covers an area of ??400,000 square meters. The company has a registered capital of 100.8 million yuan and total assets of 2.6 billion yuan. It has more than 1,300 employees, of whom more than 60% have a college degree or above. The company has a comprehensive office building with advanced facilities. It has four complete automobile process production lines, including stamping lines, welding lines, painting lines, vehicle assembly production lines, automobile inspection lines and test tracks for the production of SUVs. The company's production equipment is complete and complete, and it has now formed a single shift It has an annual production capacity of 70,000 SUV series models. It mainly produces GALLOPER (Huatai Yoshida) light off-road vehicles and TERRACAN (Terracan) and SANTAFE (Santa Fe) SUV series light passenger cars. The company passed ISO9000 International in October 2001. Quality system certification, and the internationally popular AUDIT evaluation method was adopted for the complete vehicle. In April 2003, it passed the CCC compulsory product certification. The ERP management system has been successfully used for network management of production, sales, and after-sales services. It is one of the pilot enterprises for enterprise information management in Shandong Province. The company's Santa Fe project was officially launched in September 2005. It mainly expands the capacity of stamping, welding, painting, final assembly, etc. With the full care and support of leaders at all levels in Weihai City and Rongcheng City, Shandong Province, the project was constructed in 2006 Basically completed in August. It was officially put into production in September 2006, with a daily output of 100 vehicles. On October 10, 2006, a grand launch ceremony of "Santa Fe" was held at Rongcheng Shidao International Conference Center. The current market situation is good and supply exceeds demand.

The company’s main workshops and auxiliary facilities are summarized as follows: modern coating workshop, covering an area of ??more than 20,000 square meters, including pre-treatment line, electrophoresis line, cathode painting line, spray painting line, and intermediate coating line There are a total of 8 production lines including topcoat line, Odite review line and repair line. The joint welding and final assembly plant has a construction area of ??47,000 square meters, including one welding line each for the body and frame assembly, one each suspension assembly line, ring interior decoration line, and engine sub-assembly line. The stamping workshop has a construction area of ??more than 20,000 square meters and two stamping lines, including 2000-ton, 1000-ton, 800-ton and other stamping equipment. The auxiliary facilities are 15,000 square meters, including a power station building, a sewage treatment station, a staff dormitory and a comprehensive warehouse.

2. Huatai Automobile Group Ordos Company

Huatai Automobile Group Ordos Company is another important automobile production base under Huatai Automobile Group. The company mainly produces Huatai Traka, Santa Fe SUV passenger cars and new diesel engines. At the same time, in 2008, small cars will be rolled off the production line. The company's first-phase project started construction in August 2005, with an investment of 1.03 billion yuan, and was designed to produce 50,000 SUV passenger vehicles per year. The project construction was completed at the end of 2006 and entered the equipment commissioning stage. It was officially completed and put into production on March 1, 2007. Listed on the market; the second phase of the new clean diesel engine project with an annual output of 300,000 engines and 150,000 complete vehicles, with an investment of 3.3 billion yuan, officially started construction on August 9, 2006. At present, the main project of the project has been capped and will be carried out soon. The equipment was installed and put into production at the end of the first quarter of 2008. The engines we produce include 1.5L, 2.0L, 2.5L, 2.8L and other displacements. This type of engine can meet the Euro IV emission standards and is currently the most advanced clean engine in the world. type diesel engine, this project also fills the gap in domestic clean diesel engine technology; the third phase of the project will be based on market conditions and plans to build an annual output of 700,000 engines, and on this basis, it will build an annual output of 300,000 complete vehicles. It is expected to be completed by the end of 2015 When all the projects are completed and put into production, our company will eventually reach an investment scale of 15 billion yuan, achieve sales revenue of nearly 100 billion yuan, and generate tax revenue of nearly 10 billion yuan.

Huatai Automobile Group will take Ordos Branch as the main body and is determined to build a modern large-scale enterprise group integrating automobile manufacturing and sales, parts production, scientific research, and talent training.

Build Huatai Automobile into the most competitive automobile brand in China and enter the top 10 in China's automobile industry within 10 years, making Ordos another important automobile production base in my country.

3. Yanbian Huatai Modern Bus Co., Ltd.

Yanbian Huatai Modern Bus Co., Ltd. is a wholly-owned subsidiary of Hengtong Group and a professional bus production, sales and service company. The company has two subsidiaries, Yanbian Huatai Modern Bus Manufacturing Co., Ltd. and Yanbian Huatai Modern Bus Sales Co., Ltd. It has total assets of 600 million yuan and 500 employees, 80% of whom have a college degree or above. The main products are three series of six models including "GRANBIRD", "COUNTY" and "NEWCOSMOS" imported from South Korea's Hyundai Motor Co., Ltd. with the official approval of the State Economic and Trade Commission in March 2001. Variety (i.e. 6m, 7m, 8m, 11.5m, 12m passenger cars) will be the company's main production models in the future. Through mergers, reorganizations, transformation and innovation, the company has now established an annual production capacity of 2,000 units in a single shift and 3,500 units in a double shift. In terms of sales, the company took less than two years to establish more than 100 marketing networks in 28 provinces, municipalities and autonomous regions, mainly using the "4S" business model to provide users with all-round, humanized and professional services. . Since its establishment, the company's business has grown at an average rate of 60%, and has achieved good economic and social benefits. Kandi (COUNTY) medium-sized buses have a novel shape, elegant and tall features, equipped with panoramic glass with a wide field of view, swing-out passenger doors, ABS anti-lock braking system, comfortable aviation seats, and can be equipped with optional power according to customer needs. The steering gear and its fast and powerful heating and cooling and ventilation system can supply fresh and natural fresh air. The spacious and bright interior decoration fully considers ergonomics and aesthetics, providing a comfortable riding environment for the passengers. The parts are highly localized and have the best performance-price ratio. This model is mainly suitable for use by governments at all levels for conferences, concierges, and receptions; for use by banks, schools, postal and telecommunications agencies, and other organizations; and for travel companies, etc. It can provide users with comfortable, safe, reliable and economical high-performance services. The Kandi series models are the new Coaster models successfully developed by Hyundai in South Korea. Regardless of performance comparisons such as power, driving stability, luxury comfort of interior decoration, etc., Kandi cars have great advantages, and their slim waistline The shape makes it more humane and charming, and in terms of price, Kandi Cars is based on the idea of ??occupying the market and providing more benefits to customers. Such high-performance, low-priced products will definitely be favored by the market.

4. Beijing Hengtong Huatai Sales

Beijing Hengtong Huatai Auto Sales Company is a wholly-owned subsidiary of Hengtong Group and is fully responsible for the marketing services of Huatai Auto. The headquarters is located at No. 1 Anyuanli, Andingmenwai, Chaoyang District, Beijing. It has a registered capital of 12 million yuan and currently has 150 employees. It has a 6,000-square-meter comprehensive office building with an elegant environment, advanced facilities, sound departments, and international sales and after-sales services. Service professionals. Through cooperation with South Korea's Hyundai Motor Company, the Beijing Sales Company has learned from its advanced management experience and incorporated the marketing network and after-sales service system into the networked dynamic management system. Fully adopting the business model of South Korea's Hyundai Motor, we have established a fully functional sales and after-sales service system that integrates automobile sales, after-sales service, parts supply, and information feedback.

At present, there are 105 first-level dealers and 185 second-level dealer networks, 83 first-level after-sales service stations and 79 second-level after-sales service stations in 28 autonomous regions, provinces and municipalities across the country. , with a service radius of 150 kilometers.

The company has also achieved breakthrough progress in product exports. Products are exported to Europe, Russia, the Middle East, Angola and other places, laying a solid foundation for the international development of Huatai Automobile.