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Zhongzhi Auto (ZEV) is a comprehensive manufacturer in the field of new energy vehicles in China, typically referring to Zhongzhi New Energy Automobile Co., Ltd. and its core subsidiary Zhongzhi Yike Chengdu Automobile Co., Ltd. Zhongzhi New Energy Automobile Co., Ltd. was established in November 2014, with registered capital of 3 billion yuan, focusing on the full industrial chain development of new energy bus and special purpose vehicle design R&D, complete vehicle manufacturing, market promotion, and aftermarket services. Its core subsidiary Zhongzhi Yike Chengdu Automobile Co., Ltd. (abbreviated as "Zhongzhi Yike") was established in January 2006, originally named "Faw Bus (Chengdu) Co., Ltd.", renamed to its current name in September 2015, and is a domestic new energy vehicle self-owned brand enterprise with full qualifications, the "Zhongzhi Brand" enterprise. Zhongzhi Auto adopts a differentiated development strategy, avoiding the highly competitive passenger car market, and focusing on the commercial vehicle manufacturing sector. The brand adheres to the dual-wheel drive development route of "Hydrogen Fuel + Pure Electric", committed to becoming the largest new energy bus enterprise in China.
Zhongzhi Yike's predecessor can be traced back to Faw Bus (Chengdu) Co., Ltd., jointly established in 2006 by Chengdu Faw Automobile Co., Ltd. and Chengdu Anda Special Vehicle Co., Ltd. In September 2015, Zhongzhi Auto formally invested in the company, and the company was renamed "Zhongzhi Yike Chengdu Automobile Co., Ltd.", the registered capital increased to 235.2075 million yuan, with Zhongzhi Auto holding 60%, Faw Bus and Chengdu Bus holding 20.4% and 19.6% respectively. In November 2015, the company obtained qualification for pure electric bus and special passenger cabin vehicle manufacturers. In December 2016, Faw Bus transferred its shares to Zhongzhi Auto, and Zhongzhi Auto's shareholding ratio rose to 80.4%. That same year, 26 company products were selected for the Ministry of Industry and Information Technology's "Announcement of Road Motor Vehicle Manufacturers and Products", new energy bus annual sales reached 2493 units, sales revenue exceeded 1 billion yuan, ranking first in the new energy vehicle industry in the West.
In 2017, the company underwent asset restructuring, and the shareholders became Zhejiang Kangsheng Co., Ltd. (Stock Code: 002418), with a shareholding ratio of 100%, making Zhongzhi Yike a wholly-owned subsidiary of Kangsheng Shares. That same year, with the support of Chengdu City and Longquanyi District, 494 mu of land was newly requisitioned to build a first-class new energy bus enterprise. In 2018, construction of the new plant officially began, and the planned production capacity of the new and old plants reached 25,000 units. In 2019, the company passed the Ministry of Industry and Information Technology Entry Qualification No. 39 audit. In 2020, the company established the Datong Base, and was rated as a National High-tech Enterprise and Sichuan Provincial Enterprise Technology Center in the same year. In 2021, the company successfully won the Chengdu Bus order of 825 units, serving the Chengdu Universiade and urban public transportation.
Zhongzhi Auto's product line covers two major technical routes: pure electric and hydrogen fuel cell, encompassing various commercial vehicle models. Zhongzhi Yike currently has a total of 38 complete vehicle products in the "Announcement", 12 chassis products, and has formed four major product platforms: commercial travel vehicles, highway coaches, city buses, and special purpose vehicles, with a model spectrum covering various series from 6 to 12 meters. Main product types include hydrogen fuel cell city buses, pure electric buses, pure electric city buses, pure electric airport shuttle buses, pure electric box trucks, etc. The company's annual production capacity reaches a scale of 5,000 units, possessing complete four major production processes: stamping, welding, painting, and assembly.
In the hydrogen fuel cell field, Zhongzhi Yike's hydrogen fuel buses have been put into demonstration operation in Foshan, Chengdu, Zhangjiakou, and other places. In terms of intelligent networking, the company launched the Robobus project—a 5.9-meter pure electric micro-transit vehicle model, which is the first vehicle in a Southwest region bus complete vehicle enterprise to achieve Level 4 autonomous driving under urban passenger transport conditions. The vehicle is equipped with high-precision sensors such as LiDAR, cameras, and millimeter-wave radar, capable of achieving 360-degree blind-spot-free perception around the vehicle body, with a forward sensing distance of up to 200 meters.
Zhongzhi Auto has achieved significant market performance in the new energy commercial vehicle sector. In 2016, the company's new energy bus annual sales reached 2495 units, realized main business income of 1 billion yuan, and multiple economic indicators ranked among the top in the Central and Western regions. In 2021, the company successfully won the Chengdu Bus order of 825 units. In April 2025, Kangsheng Shares announced that Zhongzhi Yike received the Notice of Winning Bid for the 2025 New Energy Vehicle Procurement Project of Chengdu Bus Group New City Bus Co., Ltd., with a total winning bid amount of 188 million yuan. The winning products include 100 units of 8-meter class new energy buses, 30 units of 5-meter class new energy buses, and 150 units of 6-meter class new energy buses, expected to be completed within 8 months after receiving the written order. The company has established a comprehensive marketing network and professional after-sales service team covering major economic regions or central cities in China.
Zhongzhi Auto's core technology advantages focus on hydrogen fuel cells, in-wheel motors, carbon fiber composite material applications, three-electric systems (motor, motor control, battery), and electric air conditioning, with related technologies leading in China and at an advanced international level. Through continuous independent technological innovation, the company has mastered the above frontier core technologies of new energy vehicles, and relying on these technological advantages, has integrated high-quality resources such as automotive professional design companies, complete vehicle manufacturing companies, marketing promotion companies, and aftermarket service companies through industrial mergers and restructuring.
In terms of hydrogen fuel cell technology, Zhongzhi Yike's hydrogen fuel buses produced in cooperation with Tomorrow Hydrogen Energy can be refueled with hydrogen in just 10 to 15 minutes, with a driving range of up to 600 kilometers, capable of meeting the demand for most urban passenger transport scenarios. In terms of lightweight technology, the company has mastered the application technology of carbon fiber composite material bodies, which helps improve vehicle energy efficiency and range capability. In terms of drive systems, in-wheel motor technology is another core competitiveness of the company, which can simplify the transmission system and improve space utilization efficiency. The company has obtained nearly 100 national patent technology certifications and successively passed system certifications such as ISO9001, ISO14001, OHSAS18001, IATF16949, etc.
Zhongzhi Auto actively implements the "Belt and Road" initiative and accelerates the pace of "going global". Its products have been sold to overseas markets such as Southeast Asia, the Middle East, and North Africa. As of September 2025, Zhongzhi Yike's export markets are mainly concentrated in Southeast Asia, including countries such as the Philippines, Thailand, and Indonesia. The company adopts a customized sales strategy, customizing products according to customer needs, rather than the traditional model of mass-producing vehicles and selling them in batches. Products cover multiple categories such as buses, heavy-duty trucks, and sanitation vehicles.
In terms of pricing, Zhongzhi Auto's export vehicles have relatively high unit prices, with the unit price of a 12-meter pure electric bus ranging from 700,000 to 1.2 million RMB. Due to customized manufacturing and the fact that customers are mainly government and public institutions, customer stickiness is high once a deal is made. It was introduced that there were customers from the Philippines who have continuously purchased vehicles from Zhongzhi Yike for bus system operation for many years. The company is currently actively expanding overseas markets such as the UAE and Saudi Arabia. The company's business scope covers goods and technical import and export businesses, continuously exploring more overseas market development opportunities.
Zhongzhi Auto aims to build a large-scale new energy vehicle enterprise cluster with the long-term goal of "Diversified, Group-oriented, Internationalized". The company plans to use Chengdu as the center, through mergers and restructuring, to build a new energy vehicle enterprise system consisting of ten holding companies, ten participating companies, and ten cooperative companies, creating a complete new energy vehicle industry chain. In terms of production capacity, the planned capacity of the new and old plants of the company reaches 25,000 units. In terms of technology research and development, the company will continue to increase R&D investment in the fields of pure electric, hydrogen fuel cells, and intelligent networking technologies, strengthen product differentiation, and improve quality and innovative service capabilities.
In terms of intelligent driving, the Robobus project has achieved a breakthrough in Level 4 autonomous driving, and the company will continue to delve into the field of autonomous driving in the future, promoting the application of intelligent networking technologies on more commercial vehicle models. In terms of the overseas market, the company will deeply implement the "Belt and Road" initiative, accelerate internationalization layout, consolidate the Southeast Asian market share, and actively expand emerging markets such as the Middle East and North Africa. Facing the global automotive industry's trend of electrification, intelligence, and networking, Zhongzhi Auto will continue to adhere to the "Hydrogen Fuel + Pure Electric" dual-wheel drive development route, relying on its core technology accumulation in hydrogen fuel cells, in-wheel motors, composite materials, etc., and is committed to becoming a leading enterprise in the new energy commercial vehicle sector.
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