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About Heibao Group Heibao Group Co.,Ltd. is situated in the coastal city - Weihai City of China, which is close to Korea and Japan. The company is a privately owned company with 3000 employees. It has 700,000m2 facility and the total assets of 1.5billion RMB yuan( 183 million US Dollars). It has the annual production capacity of 100,000 units of vehicles. One of its subsidiaries, Shandong Heibao Stock Co.,Ltd., went public on the stock market of Shanghai Stock Exchange in September of 1996. Heibao started manufacturing Electric Vehicles in 1998. Since then, with the co-operation of a Germany partner, Heibao has developed advanced inverter controlled AC motors for its Electric Cars and was the first Electric Car manufacturer in China which started to mass produce pure battery electric city cars. Heibao believes that environment friendly vehicles are a benefit to mankind, and is willing to work together with partners in North America to market its EV products in various ways: Supply SKD/CKD kits; Supply whole electric cars; Supply EV components, eg AC motor, Inverter, etc; Manufacture customized EVs for EV distributors.
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