Zhijie Set to Receive Independent Vehicle Manufacturing License; Insider Confirms Company Plans IPO

The Ministry of Industry and Information Technology published the 412th batch of the Announcement of Road Motor Vehicle Manufacturers and Products on October 16, listing Anhui Zhijie New Energy Automobile Co., Ltd. (hereinafter "Zhijie" or "Zhijie Automobile") among the "manufacturers planning to publish new access vehicles." The public notice period runs until October 23. Subsequently, news that "Zhijie has obtained an independent vehicle manufacturing license" spread. On October 17, an insider at Zhijie Automobile confirmed that the company will obtain an independent manufacturing license after the notice period ends and approval is granted, stating that "the factory was provided to Zhijie by Chery." The insider also confirmed the company's future plan for an independent listing. (Yicai)