Core Viewpoint - The establishment of Dalian Great Wall Intelligent Technology Automotive R&D Co., Ltd. by Great Wall Motors is a strategic move to enhance its smart and new energy vehicle initiatives, leveraging Dalian's automotive industry advantages and aiming to extend the automotive value chain [2][3] Group 1: Company Overview - Dalian Great Wall Intelligent Technology Automotive R&D Co., Ltd. was founded on November 7 with a registered capital of 100,000 yuan [2] - The company’s business scope includes information technology consulting, digital advertising, professional design services, engineering and technology research, new material technology R&D, automotive parts R&D, new energy vehicle sales, and software development among others [2] - Great Wall Motors holds 100% ownership of the new company, with its chairman and general manager, Wei Jianjun, as the actual controller [2] Group 2: Industry Context - Dalian has developed a comprehensive vehicle and parts production system, housing major companies like Chery, Dongfeng Nissan, and over 150 automotive industry enterprises [3] - The automotive parts industry in Dalian has a strong foundation with a wide range of products, including critical components like CNC machine tools, engines, transmissions, electrical systems, and tires [3] - The strategic layout of Dalian Great Wall Intelligent Technology Automotive R&D Co., Ltd. integrates upstream R&D with downstream sales, facilitating a feedback loop that enhances product technology based on market demands [3]