Hechuang Automobile was established in April 20 18, and is jointly owned by Guangzhou Automobile Group, Guangzhou Automobile New Energy, Weilai Fund, Weilai Automobile and the founding team. Hechuang Automobile is a new energy automobile brand jointly invested by Zhujiang Investment Management Group, Guangzhou Automobile Group and Weilai Automobile. Hechuang Automobile faces some challenges in the market competition, but it is still in operation and has introduced many new models.