Is Hengxin Automobile Group a state-owned enterprise?

No. Hengxin Automobile Group Co., Ltd. (hereinafter referred to as Hengxin Automobile Group) is a large-scale comprehensive group company, ranking third among private enterprises in Hubei 100 and 127 among the top 500 private enterprises in China. It is not a state-owned enterprise, and its main interests include R&D, design and production of hotels and supermarkets, automobile sales and after-sales, and new energy lithium batteries.