Chinese Gold Group (CGG) on Feb. 23 unveiled the foundation of a new energy automobile research and development institute in central China’s Henan province, which marked a strategic cooperation project between CGG and Tsinghua University on new energy.

The institute was located in Tongxu county of Henan. Heads of the CGG, local authorities and the dean of the institute attended an unveiling ceremony on Feb. 23.

Chen Junyan, president of CGG, noted at the ceremony that new energy automobile is crucial for environment. “It is an industry for the next generation,” he said.

In 2016, Chinese Gold Group and Tsinghua university reached a strategic cooperation,starting a joint research and development of pure electric vehicles, whose cruising distance has reached 500 kilometers. The core technology has reached the leading level of the world.