Xinri Corporation has established a new electric vehicle company in Yunnan.

According to Qichacha APP, Yunnan New Day Electric Vehicle Co., Ltd. was recently established with a registered capital of 10 million RMB. Its business scope includes battery sales, motorcycle parts manufacturing, motorcycle and parts research and development, engineering and technical research, and experimental development, among others. Qichacha's equity penetration display shows that the company is wholly owned by New Day Co., Ltd.