INVT and others invest to establish an automotive power system company

According to the Qichacha APP, recently, Zhongshan INVT Automotive Power System Co., Ltd. was established with a registered capital of 20 million yuan. Its business scope includes: manufacturing of automotive parts and components; sales of electric accessories for new energy vehicles; research and development of automotive parts; manufacturing of power electronic components, etc. Qichacha's equity penetration shows that the company is wholly owned by Shenzhen INVT Electric Vehicle Drive Technology Co., Ltd., whose major shareholder is INVT