Group 1 - The core point of the article is the establishment of Anhui Wanbangda New Materials Technology Co., Ltd., which aims to promote new material technology and manufacture automotive interior products [1] - The company has a registered capital of 100 million RMB and is co-owned by Wanbangda (90%) and Wuhu Chery Technology Co., Ltd. (10%) [1] - Wanbangda announced a joint investment with Wuhu Chery Technology to establish a joint venture for a project with a total investment of 1 billion RMB focused on environmental new materials for automotive interiors [1]