Zotye, a small Zhejiang province-based automaker also reportedly has an electric vehicle ready for sale, as do Chery of Anhui Province and Lifan of Chongqing.
Yin's Chongqin Lifan Industry Group is already the number three investor in the Chongqing City Commercial Bank, headquartered in China's motorcycle manufacturing hub, but he's looking to put more money into the industry.