At present, with the continuous improvement of the overall recovery of China`s economic operation, the forming of new development pattern is accelerating with the domestic major circulation as the main body, and both domestic and international circulation promote each other, both ends of supply and demand in the manufacturing sector continuously rebound. Driven by the continuous promotion of automobile consumption policies in different locations, the market recovery is gradually emerging. In July 2020, JAC Motors achieved sales of 36,800 vehicles, with an year-on-year increase of 33.6%, and achieved positive year-on-year growth for the fourth consecutive month, showing a strong momentum of development.           Since this year, facing the sudden outbreak of the pandemic, JAC achieves a stable and orderly development of enterprise management by prevention and control of pandemic on one hand and resume production on the other.In the first half of the year, the cumulative sales of various types of vehicles reaches 215,000 units, with the decline continues to narrow, and the effect of structural adjustment further demonstrates. In July, the sales of JAC continues to climb with increase of a variety of products.           With the further deepening of strategic cooperation with Volkswagen, JAC Motors says that it will accelerate the transformation and upgrading, strive to be in the forefront in the field of intelligent travel such as electrification, connected system, ride-sharing and autopilot, and will adhere to benchmarking the German VDA quality standards, meet users’ customized car needs by differentiated product matrix to create a better car life.

          The temperature does not drop because of the scorching sun, in early August, 20 NTU tonnage of forklift smooth delivery of a Fortune 500 energy companies. The vehicles delivered this time cover JAC's new J series products of 5-16 tons. They are highly efficient, comfortable, high-carrying capacity, safe and reliable. They have been tested in many applications such as logistics, ports, and rental, and are well received by customers.           The company is a backbone coal production enterprise of the National Energy Group, with a mining mechanization rate of 100%. This batch purchase has special requirements for the performance of forklifts. While ensuring safety and efficiency, it has strict requirements on the power and external protection of the whole machine. According to the customized requirements, the 12-ton star product recommended by JAC Forklifts is well-recognized for the special needs of customers. The entire batch of orders has been delivered to customers on schedule through the cooperation of technology, procurement, production and marketing departments. The products are delivered to customers on schedule and are well received by customers.

          At the end of July, 10 electric stackers, 6 electric counterbalanced forklifts, and 2 tow tractors of JAC were delivered to Shanghai Volkswagen in batches. This is after the delivery of 6 car tractors in 2019. Cooperate again.           The batch delivery covers electric stackers, electric counterbalanced forklifts, electric tractors, and various models of JAC electric products. Relying on the rich experience in the logistics and handling field of the automobile manufacturing industry, the cooperation JAC further focuses on customer needs and provides customers with a complete set of new energy handling and solutions through in-depth exchanges in many aspects. The actual cost is much lower than the customers. Budget cost and win customers' favor.

         Currently the global automobile industry is undergoing a period of fundamental adjustment and technology innovation. The Chinese automobile companies stick our road map of independent innovation and cooperation. Faced with new challenges and opportunities, JAC sticks to its goal of strengthening Chinese auto industry and propel its own reform through innovation, cooperation and the down-to-earth attitude. “Make the future reachable” is our motto.           On July 24, JAC new product release conference was grandly held at the 2020 Chengdu Auto Show, the all-new medium size SUV X8 made its debut. all all-new models under Jiayue brands are coming soon and these models are also produced in the same factory of JAC-VW.           JAC has always believed that technology innovation is the right path for company growth. For many years, JAC keeps investing 3%-5% of its annual sales revenues into R&D. Up to January 2020, JAC has been awarded 17374 patents, ranking NO.1 among Chinese auto brand. JAC transforms our advanced technology into customer experience improvement.