It has recently announced that its subsidiary "Taochejun", which is an automobile sales firm, has entered into a strategic cooperation arrangement with Fujian Yiluba Automobile Service Consulting Co. Ltd. ("168") The cooperation agreement states that "168" will purchase up to 2,000 new-energy vehicles from Taochejun over the next three year. The total value of all 2,000 vehicles purchased by "168" would amount to RMB200 millions (approximately $30 Million).