Core Viewpoint - Jiangsu High合汽车有限公司 has officially been established with a registered capital of approximately 143 million USD, marking a significant development in the electric vehicle sector in China [2][4]. Company Overview - Jiangsu High合汽车有限公司 was founded on May 22, 2025, and is located in Yancheng, Jiangsu Province, focusing on the electric vehicle manufacturing industry [2]. - The company is a foreign-invested, non-independent limited liability company, with EV Electra Ltd. holding 69.8% of the shares and 华人运通 (Jiangsu) Technology Co., Ltd. holding 30.2% [2]. - The legal representative of the company is Jihad Mohammad, a Canadian businessman of Palestinian descent, who is also the founder and CEO of EV Electra Ltd. [2][4]. Financial Situation - As of April, the combined total assets of华人运通江苏公司 and 51 other companies amounted to 5.983 billion CNY, while the total liabilities reached 15.781 billion CNY [4]. Market Context - The establishment of Jiangsu High合汽车有限公司 comes after a challenging period for the parent company, 华人运通, which entered bankruptcy pre-restructuring last year [4]. - There have been previous discussions regarding potential acquisitions by state-owned enterprises and investments from Middle Eastern and American automotive companies, but these have not materialized [4]. Future Outlook - The involvement of EV Electra Ltd. is seen as a potential turning point for Jiangsu High合汽车, although concerns remain regarding the company's past issues related to cryptocurrency fraud and vehicle design theft [4].