(hereinafter referred to as "Leader Automobile") is a pilot project of national scientific and technological system reform and innovation undertaken by the Chinese Academy of Engineering in cooperation with Evergrande Group and Tsinghua University, and landed in Lishui Economic Development Zone of Nanjing in December 2017, taking the construction of electrification platform as the strategic direction of the company, and providing fast and efficient electrification solutions and application products for the application scenarios of commercial vehicles and engineering machinery and equipment. It takes the construction of electrification platform as the company's strategic direction to provide fast and efficient electrification solutions and application products for commercial vehicles and engineering machinery equipment and other application scenarios, so as to guarantee the market competitiveness of the company's products with its core technology advantages.
    Through self-research, joint venture, cooperation and other ways to build up independent and controllable vehicle, motor, electronic control R & D system, technical strength industry-leading. Among them, the electronic control technology is developed jointly with South Korea VCTech by rail transportation control technology for downsizing, with reliable product performance; the electric drive system is in charge of the core team of the former AC propulsion company, which has complete mastery of high-speed electromechanical technology, and is the direction of development of electric drive for electrification of various application scenarios. Through the core electronic control technology of full digital circuit research and development, has formed 6 major electrification platform products, fully applicable to a variety of commercial vehicles, heavy trucks, construction machinery and other application scenarios of electrification solutions.
    Leader Auto insists on innovation as the core driving force for the development of the company, and the annual R&D expenses account for more than 6% of sales. So far, Leader has applied for more than 300 patents for invention, utility model and other types of patents, among which 7 patents for invention have been authorized, and the patented technologies comprehensively cover the technical fields of electric motor, electronic control, vehicle and etc. Leader has constructed and been evaluated as Jiangsu Enterprise Technology Center and Jiangsu New Energy System Engineering Technology Research Center. Leader Automobile has built and won the evaluation of Jiangsu Provincial Enterprise Technology Center and Jiangsu Provincial New Energy System Engineering Technology Research Center, and is recognized as a small giant enterprise in Jiangsu Province, and a unicorn enterprise cultivated in Nanjing City.
     The company has completed the research and development of electrified products for multiple application scenarios, such as new energy heavy trucks, a full series of new energy buses, purely electric field equipment, purely electric loaders, mining electric explosion-proof vehicles, etc., and will fully realize the industrialization in 2022, and take the lead in the electrification of commercial vehicles and engineering machinery and equipment in the country.
     Leader automobile products have been sold to Saudi Arabia, Turkey, South Korea, Thailand, Leshan and other countries and regions, new energy heavy trucks are sold to Nanjing, Ningxia and other cities in bulk, and the airport ferries are sold to Saudi Arabia, Guangzhou, Hengyang, Changsha and other countries and regions, especially the new energy airport ferries serve Riyadh and Guangzhou Baiyun, Changsha Huanghua and other internationally renowned airports, which has greatly enhanced the product visibility and reputation. The new energy airport ferry products have greatly enhanced the popularity and reputation of the products.