Yudo New Energy Vehicle Co. With the support of the national industrial policy for new energy vehicles, Yudo New Energy Vehicle Co., Ltd. was established in 2015 through the investment of state-owned funds at both the Fujian and Putian levels, the participation of listed companies, and the management’s shareholding, and the establishment of Yudo New Energy Vehicle, which is a mixed system of operation, to carry out the research and development, production, and sales of new energy vehicles and key components, by gathering the industry’s talents and resources on the basis of the Fuzhou Automobile Group in Fujian Province and Putian City.