ARN group- Anhui Ring New Group, estabilshed in 1953 and with a current register capital of CNY 2.2 billion (USD 350 million) is a top player in Chinese automobile industry specialized in automobile parts manufacturing including power battery, car sales and service, equipment manufacturing, real estate developent and capital operation. As JV partner to SUMSUNG, TENNECO, TPR, AISIN, SCHEDEL and BRICO, ARN group sales has surpassed over CNY 10 billiion (USD1.6 billion) since Y2020.