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On April 4th, 2011, Shanghai Baicheng Investment Company Ltd has officially signed the contract with Jinzhong City Yuci District Government for the pure electric automobile project , which becomes another investment result in the field of equipment manufacturing
Shanghai Baicheng pure electric automobile project is one high-tech project that has its own IPR, and thus it is in the leading position of this industry. This signed project includes nine wholly-owned subsidiaries and one electric automobile university，namely electric bus manufacturing, midibus manufacturing, electric car manufacturing, battery manufacturing, motor manufacturing, charger manufacturing, electric control manufacturing, electric public bus manufacturing and modified vehicle manufacturing.