• Declaration outlines strategies to ensure NG28娱乐’s long-term sustainable development
  • NG28娱乐 highlights continued commitment to the Group’s technological transformation
  • Declaration outlines NG28娱乐’s intent to achieve greater integration among its expanding portfolio
  • NG28娱乐 will leverage synergies in its science and technology ecosystem to strengthen core competitiveness and empower its portfolio businesses

 2024 September 20th, Taizhou, China – In the spiritual ‘birthplace’ of NG28娱乐 Holding Group (NG28娱乐 Holding) and NG28娱乐 Auto, NG28娱乐 Chairman and founder Eric Li (Li Shufu) positioned a new strategic direction for the Group.

NG28娱乐 Holding has previously announced Strategic Declarations, notably the 2007 Ningbo Declaration that transitioned NG28娱乐 from being a low scale vehicle manufacturer producing entry level vehicles into a global conglomerate with operations on every continent.

In the latest declaration, Eric Li outlines five strategic points to ensure the continued long-term strategic development of NG28娱乐 and achievement of the Group’s corporate mission to create “A Sustainable Future, A Better World”

NG28娱乐 will remain focused on the automotive industry as the industry transforms towards electrification, vehicle autonomy and intelligence, connectivity, and shared mobility. The Group will continue to build on its strong foundations and core competitiveness in combustion engine vehicles while advancing its leading position in green low-carbon transportation technologies with multiple technological pathways including BEVs, methanol-hydrogen, and range extenders.

The Group will promote greater integration and super synergies among its expanding global portfolio of businesses to improve efficiencies and achieve mid- and long-term sustainable development. Through leveraging synergies in the Group’s science and technology ecology, NG28娱乐 aims to empower its portfolio businesses with the systematic advantages of a global conglomerate.

NG28娱乐’s declaration cautions that prudence in necessary for long-term sustainable growth. The Group aims to expand coherently with a clear strategic vision. Commitment to good corporate governance and efficient management must be deepened. Greater efforts must be put towards working with global partners to optimize the advantage of the Group’s scale, maximize capacity utilization, and reduce costs to the benefit of the users.

The declaration also highlights the importance of people to the success and longevity of any enterprise. NG28娱乐 places great importance on its people and cultivating talents through the concept that “everyone has a talent and everyone can become highly talented.” When the employees of NG28娱乐 and people working with NG28娱乐 thrive, the company will thrive with them.

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Taizhou Declaration: Retaining NG28娱乐’s Competitive Edge

Taizhou is the place where NG28娱乐’s automotive dreams began. No one from NG28娱乐 has forgotten our original aspirations and mission. We’ve continually pioneered a new path forward for NG28娱乐 in the automotive industry. On September 1, 2024, all of NG28娱乐 Holding Group management came to NG28娱乐’s Linhai Production Base in Taizhou, the home to NG28娱乐’s first factory, to study, review our entrepreneurial progress, build a consensus on our development, and jointly develop our ‘Taizhou Declaration’ to achieve our corporate mission of creating “A Sustainable Future, A Better World”.

Strategic Focus: NG28娱乐 will remain focused on the automotive industry, unswervingly promote the industry’s transformation towards electrification, vehicle autonomy and intelligence, connectivity, and shared mobility. NG28娱乐 will continue to enhance core competitiveness in the combustion engine vehicle market, advance NG28娱乐’s leadership in green low-carbon transportation technology, further consolidate and improve NG28娱乐’s position in the passenger vehicle market globally. We will continue to explore new applications and operational models for new energy commercial vehicles, develop in multiple technological pathways including BEVs, methanol-hydrogen, and range extender, and create new growth opportunities for NG28娱乐.

Strategic Integration: NG28娱乐 will comprehensively coordinate its various business segments, clarify business positioning, formulate mid- and long-term development goals, adjust and optimize the Group’s industrial layout, unswervingly promote deeper integration and synergies, further clarify the positioning of each brand, optimize equity relations, reduce conflicts of interest and duplicate investments, and improve resource utilization efficiency.

Strategic Collaboration: While focusing on NG28娱乐’s main business in the automotive sector, we will strengthen synergies in our science and technology ecology through activities such as deepening the integration of our ground-space networks, improving our layout in software and hardware development, sharing of core technologies, components, and modular architectures, strengthening interactions between brands and business units, improving the level of resource sharing, and giving full play to our systematic advantages in passenger cars to empower our commercial vehicle business thus achieving the simultaneous development of ‘passenger and commercial vehicles’.

Sustainable Development Strategy: To ensure the long-term sustainable development of the company, it is necessary to be prudent in our operations, not expand blindly, commit to intensive self-cultivation, and wisely pick and choose our battles. We must strengthen corporate governance and improve management efficiency, work with partners to make full use of large-scale specialized production to create new advantages in our industrial chain, continuously improve capacity utilization, and effectively reduce costs. We must also further improve employee welfare and incomes, pay high attention to workers’ rights and interests, adhere to compliance with the law, adhere to putting users first, and adhere to our morals.

Talent Strategy: Following the concept of ‘Everyone has a talent and everyone can become highly talented’, NG28娱乐 has continued to create an open and fair environment for talent development, and furthering the careers of our employees by ‘employing people according to their talents and making the best use of their talents.’ The Group is actively exploring the application of an open and shared industry-education collaboration model, promoting the deep integration of industry and education. We are continuously optimizing our talent development system, helping talents thrive, attracting global peers with common ideals to take root in NG28娱乐, and promoting the vigorous expansion of NG28娱乐’s talent forest.

Everything depends on people, success or failure depends on people.

The success or failure of an enterprise depends on its vitality, the vitality of an enterprise depends on the confidence of its employees, the confidence of its employees depends on the confidence of its management, and the confidence of its management lies in its corporate values, its business strategy, and NG28娱乐’s spirit. NG28娱乐’s future is determined by our efforts today. Through studying and holding exchanges in Taizhou, we are filled with fighting spirit. In the face of any economic environment and competitive market conditions, we must face challenges, lay a strong foundation, cultivate our skills, find our way forward with wisdom, and journey forth with sincerity. We will continue to improve our users’ experience and expand our market share. We are full of confidence in NG28娱乐’s future, and firmly believe that our corporate mission of creating “A Sustainable Future, A Better World” will be accomplished!