On July 9th, Yangtze Industry Group held a grand ceremony to welcome Aotecar New Energy Technology Co., Ltd. to join the Yangtze Industry family. Li Yuanchu, Secretary of the Party Committee and Chairman of Yangtze Industry Group, Ma Heng, Deputy Secretary of the Party Committee and General Manager, as well as group leaders Li Jiping, Xiao Jiarong, Zuo Fei, Sun Qun, and Guo Bao, group executives Du Sanhu and Hua Wenbin, Aotecar Vice Chairman and General Manager Ding Tao and his management team, and Zhang Yongming, Chairman of Tianyou Investment, the former largest shareholder of Aotecar, attended the event.
Welcome to join
At 9 am, members of the Aotecar management team arrived at the Yangtze River Industry Building. Leaders of the Yangtze River Industry Group and heads of various departments warmly welcomed Aotecar with applause. The mascots of the Yangtze River Industry Group, Youyou and Youyou, presented flowers and company badges to the Aotecar team members. All personnel watched the welcome video on site and visited the technological innovation exhibition hall and corporate culture exhibition hall of the Yangtze River Industry Group.
discussion and exchange
Li Yuanchu presided over the symposium. At the meeting, Ma Heng delivered a welcome speech, while Guo Bao read out several policy opinions from Yangtze Industry Group supporting the development of Aotecar, as well as the list of the joint management team during the transition period. The heads of the Investment Management Department of Yangtze Industry Group, Aotecar, and Tianyou Investment spoke in turn.
Ding Tao stated that Aotecar has undergone multiple changes in shareholders over the past 24 years since its establishment. The successful acquisition by Yangtze Industry Group marks a significant milestone in the company’s development. Aotecar’s management team and all employees are firmly committed to obeying the leadership and decisions of Yangtze Industry Group, ensuring stability and a smooth transition for the company, fulfilling their responsibilities and obligations, and continuing to strive for high-quality development of the enterprise.
Zhang Yongming stated that Tianyou Investment has held a controlling stake in Aotecar for over a decade, and under the leadership of its senior management team, the company has rapidly developed into an enterprise with certain industry influence globally. As a leading automobile province, Hubei has taken over the baton of Aotecar’s development, which is the result of joint efforts and mutual progress by both parties. Tianyou Investment will continue to support Aotecar’s development as always, serve as a good industrial partner for Yangtze River Industrial Group, and look forward to more cooperation and interaction between the two parties in the future.
Li Yuanchu made a concluding speech. He said that the listed company Aotecar officially joining the “big family” of Yangtze Industry Group marked a major breakthrough in the mission and vision of Yangtze Industry Group to “base itself in Hubei, expand nationwide, and face the world”; the arrival of “a great general” in the automotive industry in the Hubei state-owned capital camp marked another major breakthrough for the group in serving the development of the automotive industry in Hubei and actively moving towards internationalization; Yangtze Industry Group officially becoming “one family” with Tianyou Investment and Aotecar marked another major breakthrough for Yangtze Industry Group in seeking “industry partners”.
Li Yuanchu spoke highly of Aotecar’s development achievements and spirit of innovation and entrepreneurship. He said that Aotecar’s strategic transformation has led the enterprise to glory, its core technology has driven its innovative development, and its deep commitment to its main business has laid a solid foundation for the enterprise’s growth, which is worth inheriting and promoting.
He proposed that Yangtze Industry Group will respect Aotecar’s historical evolution, corporate culture, management team and business philosophy, market position, and industry characteristics, continuously enhance its identity recognition, career recognition, and emotional recognition, and expedite the transformation of Aotecar from physical integration to chemical fusion; highlight the unique political institutional advantages of state-owned enterprises, the functional advantages of provincial industrial groups, and the integrated advantages of group industries, achieve organizational system empowerment, industrial resource empowerment, and factor guarantee empowerment, and continuously enhance Aotecar’s confidence in high-quality development; adhere to the professional, market-oriented, and international direction without wavering, establish benchmarks in the industry, state-owned enterprise reform, and overseas operations, and accelerate the development of Aotecar towards becoming a world-class enterprise.
Step into venture capital
In the afternoon of the same day, senior executives from Tianyou Investment and Aotecar visited the Changjiang Venture Capital Building and toured the Changjiang Venture Capital Achievement Exhibition Hall. The head of Changjiang Venture Capital Company presented a report on venture capital achievements and stated that they would fully leverage the role of equity investment in supporting the real economy. Adopting the strategy of “invest first, control later”, they would rely on their funds to delve deeply into new tracks of the automotive industry, explore new projects, and develop new scenarios, forming an automotive industry investment and operation system led by chain-leading enterprises such as Aotecar, with funds as the link and industrial elements as the support.
Relevant leaders of the Aotecar project, departments of Yangtze Industry Group, Yangtze New Kinetic Energy, Hubei Science and Technology Innovation, Yangtze Venture Capital, and the special team for automobile and high-end equipment manufacturing participated in the event.