Establish a new company such as Wolong Electric Propulsion, including civilian aircraft components business.

According to the Qichacha app, Zhejiang Longfei Electric Drive Technology Co., Ltd. was recently established with a registered capital of 10 million RMB. Its business scope includes manufacturing and sales of power electronic components, manufacturing of electric motors, design and production of civil aircraft components, etc. According to Qichacha's equity penetration display, the company is jointly held by Wolong Electric Drive and others.