CH-Auto Technology

About CH-Auto Technology

CH-Auto Technology, founded in 2003 by Qun Lu, is a Beijing-based company that started as an automotive design service provider for major Chinese auto brands like Geely and Chery. The company has contributed to the design and development of over 100 car models.

In 2015, the company expanded into the electric vehicle (EV) market by establishing its wholly-owned subsidiary, Qiantu Motor. Qiantu Motor launched its first model, the K50 all-electric sports car, in 2018. This vehicle features a lightweight aluminum-carbon fiber structure and a dual-motor all-wheel-drive system. The company later introduced the K20 model in 2022, targeting younger consumers. Qiantu has a production facility in Suzhou, China, which employs a simplified two-stage manufacturing process of "Body and Assembly".

The company's business model encompasses automotive design, development, manufacturing, and sales of electric vehicles and their components. It serves both consumers through its Qiantu brand and other auto manufacturers through its design services. The company has also pursued international expansion through partnerships, including a planned venture with Mullen Technologies to bring the K50 to North America and a strategic agreement with Manaseer Group to enter the Middle East and North Africa markets.

In March 2024, CH-Auto Technology completed a business combination with the special purpose acquisition company (SPAC) Mountain Crest Acquisition Corp. IV. Following the merger, the holding company is named CH Auto Inc., with founder Qun Lu continuing as Chairman and CEO. The transaction was completed with the plan to eventually list on the Nasdaq, pending regulatory approval from the Chinese Securities Regulatory Commission.