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In 2017, Kangsheng Co., Ltd. announced the acquisition of 95.42% equity of Yantai Shuchi Bus Co., Ltd., a subsidiary of Zhongzhi New Energy, and 100% equity of Zhongzhi Yike Chengdu Automobile Co., Ltd. (hereinafter referred to as "Zhongzhi Yike"), which was later terminated due to policy reasons.

The following year, Kangsheng Shares resumed this acquisition plan, but the only remaining acquisition target was Zhongzhi Yike. Kangsheng Shares exchanged 40% equity of Fujia Financing for 100% equity of Zhongzhi Yike through asset replacement and cash payment, and made up the difference of 8 million yuan to Zhongzhi New Energy. At the same time, Kangsheng Shares transferred 35% of the Fujia Financing's equity and spun off its financing leasing business.

During the period from 2018 to 2019, Chen Hankang planned to transfer his equity, but was forced to terminate the transaction due to issues. Chen Hankang and his concerted actions were forced to sell due to default issues, resulting in a continuous decrease in his shareholding ratio.

On the evening of December 23, 2019, Kangsheng Co., Ltd. announced that Chongqing Tuoyang and its concerted action person Changzhou Xinghe Capital Management Co., Ltd. had completed the transfer registration procedures for the 44 million shares held by Zhejiang Runcheng through judicial transfer, and the actual controller of the company was changed from Chen Hankang to Xie Zhikun.

Zhongzhi Yike is undoubtedly the most successful company in the current new energy business landscape of the "Zhongzhi Series".

According to the financial report, new energy commercial vehicles are a key business area for Kangsheng Co., Ltd., and its subsidiary Zhongzhi Yike specializes in the research and development, manufacturing, and sales of new energy commercial vehicles. The product category is complete, covering products such as hydrogen fuel powered lithium battery buses, pure electric buses, and pure electric vehicles. The annual production of commercial vehicles is 3000 units.

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