CORRECTING and REPLACING Together, Grove and hofer powertrain will develop an electrified powertrain solution for hydrogen-powered Automobiles that can compete at a global scale

• Grove Hydrogen Automotive and hofer powertrain have agreed to work
  together in the form of a Joint Venture to manufacture electrified
  powertrains solutions for the use in Grove Cars.
• hofer powertrain will ensure the production of a high-quality product
  by bringing in its decades of system engineering experience for German
  automotive OEMs.
• Grove sees the expertise of hofer powertrain in the field of future
  mobility as a key success factor so that Groves advanced Hydrogen Fuel
  Cell Powertrain can enable a new cutting edge direction towards clean
  mobility.

SHANGHAI–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AutoShanghai2019?src=hash” target=”_blank”gt;#AutoShanghai2019lt;/agt;–Please replace the release issued April 23, 2019, at 11:24 pm PT/April
24, 2019, at 2:24 am ET with the following corrected version due to
multiple revisions.

The corrected release reads:

TOGETHER, GROVE AND HOFER POWERTRAIN WILL DEVELOP AN ELECTRIFIED
POWERTRAIN SOLUTION FOR HYDROGEN-POWERED AUTOMOBILES THAT CAN COMPETE AT
A GLOBAL SCALE

• Grove Hydrogen Automotive and hofer powertrain have agreed to work
  together in the form of a Joint Venture to manufacture electrified
  powertrains solutions for the use in Grove Cars.
• hofer powertrain will ensure the production of a high-quality product
  by bringing in its decades of system engineering experience for German
  automotive OEMs.
• Grove sees the expertise of hofer powertrain in the field of future
  mobility as a key success factor so that Groves advanced Hydrogen Fuel
  Cell Powertrain can enable a new cutting edge direction towards clean
  mobility.

Wuhan Grove Hydrogen Automobile Co., Ltd. signed a cooperation
framework agreement with hofer powertrain the independent system
supplier of efficient powertrain solutions. The two parties will work
together to jointly seize the opportunities of Chinas zero-emission
hydrogen fuel cell market with Grove cars.

The before mentioned common goal will involve the two sides to
jointly develop, produce and assemble electrified powertrain solutions
for the hydrogen fuel cell passenger cars of Grove. The targeted Joint
Venture will be in cooperation with the local governments in either
Wuhan, Beijing, Shanghai, Shenzhen or Chongqing.

“In signing this agreement today we establish the framework to work
together towards our Joint Venture operations to realise Grove
vehicles”, said Hao Yiguo, Chairman of Grove Hydrogen Automotive Co.,
Ltd.

Grove is a hydrogen energy passenger car company based on the
integration of innovative and strategic resources in the international
automotive industry. Grove is committed to creating hydrogen energy
passenger cars with a high level of sustainability in running and
production and bringing customers a new driving experience.

hofer powertrain is the system supplier of efficient powertrain
solutions in the fields of electrification, hybridization, and internal
combustion power. As an established and independent partner of the
mobility industry, hofer powertrain has been providing pioneering
technologies and products to companies worldwide for over 35 years.
Accomplished by our experienced teams of experts specialized in the
development, industrialization, and production of powertrain systems.

Hand-in-Hand with hofer powertrain, Grove gains can significantly
accelerate its development of hydrogen-powered vehicles. This advantage
is made possible by hofer powertrains more than 35 years of experience
in the development of complete powertrain systems including new energy
solutions. Highly integrated electrification solutions including
transmission, electronics, software, e-motor, and system integration are
part of the hofer powertrain expertise that will make Grove vehicles
even more efficient by optimizing the weight and performance. This
optimization is due to hofer powertrains complete engineering
capabilities.

“We will ensure that the powertrain-technology of Grove vehicles will be
at the forefront of today and tomorrow,” said Johann Hofer, CEO of hofer
powertrain.

Planting sycamore trees attract Phoenix. With its strong development,
Grove has become a hot spot in the field of new energy automobiles and
has stirred strong interest at home and abroad. The Addition of hofer
powertrain to the Grove story significantly adds to Grove’s future
success.

Grove is a brand of the Grove Hydrogen Automotive Company Limited,
registered in Wuhan, China. Born in 2016 and Registered in 2018
under parent company Institute of Geosciences and Environment (IGE). Operating
Design and Development in Wuhan and Barcelona Spain, with Production
Facilities in Wuhan and several other locations to be announced
during 2019 Grove is a Global car company aiming to offer a truly clean
Automotive experience from Manufacturing to enjoyment of the car.

Contacts

Tracy Chen
Manager Corporate Communications
min.chen@grove-auto.com
www.grove-auto.com