Changjiang Automobile, formerly known as Hangzhou Changjiang Bus Co., Ltd., was awarded the designated bus manufacturer by the state as early as the early days of the founding of New China. In the middle and late 1990s, this company was on the verge of bankruptcy, and it was not until 20 13 that it was reorganized by Wulong Group to establish Changjiang Automobile. Founder Cao Zhong valued the company's "dual qualifications".

Even Xiao Peng, Wei Lai and Ideals failed to obtain "double qualification" at that time, which shows how rare it is. Therefore, Li Ka-shing, the richest Chinese, did not hesitate to invest 5 1 100 million yuan in Wulong Group as the platform of Changjiang Automobile, and even the CEO of Volvo China chose to jump ship and join the newly established new energy automobile enterprise.