According to inquiries from relevant channels, Changan Weilai New Energy Automobile Technology Co., Ltd. was established in 2018. Its business scope includes new energy vehicle sales, auto parts research and development, new vehicle sales, and auto parts. Parts retail, auto parts wholesale, technical services, technology development, technical consulting, technology exchange, technology transfer and other directions.

After searching on the trademark website, Changan Weilai New Energy Co., Ltd. (hereinafter referred to as "Changan Weilai") has registered two trademarks, "Guangyu" and "Guangyu Simba", with registration dates in 2019. September 29, 2020 and October 29, 2020. This means that Changan Weilai may make new moves in product promotion after being established for nearly 4 years.

In June 2020, Changan Weilai underwent industrial and commercial changes. Weilai Li Bin resigned as chairman of the company, and the new chairman was Tan Benhong, executive vice president of Changan Automobile.

Changan Automobile originally held 50% of Changan Weilai's equity, but Changan Automobile increased its investment in Changan Weilai through cash capital increase and other methods. After the capital increase was completed, Changan Automobile held a total of 95.38% of Changan Weilai's equity. NIO only holds 4.62. In other words, in the joint venture relationship between Changan NIO, NIO retreated significantly, and Changan Automobile took over.

The registered trademark of an enterprise means that it has a new direction in development, so the two new trademarks registered by Changan Weilai this time will definitely be used later. The basis of trademark registration is that the enterprise has The company has started a new direction, not to mention the two companies that are cooperating, so the company still needs to announce the subsequent situation, and the current ideas are just some conservative guesses.