- Anqing Zhongda Auto Parts Co Ltd officially begins operations.
- New venture expands automotive parts manufacturing and research capabilities.
Based on multiple press releases issued on July 7, China-based Chery Auto officially established Anhui Province-based Anqing Zhongda Auto Parts Co., Ltd. on July 2 with a registered capital of CNY 50 million. The new company has been formed through a joint ownership structure in which Chery Auto holds a 90% stake, while its wholly owned subsidiary, Wuhu Purui Automotive Investment Co Ltd, owns the remaining 10%, reinforcing the group's automotive components business.
Business Scope of the Newly Established Company
Anqing Zhongda Auto Parts Co., Ltd. will focus on a broad range of automotive component activities across manufacturing, technology development, distribution, and remanufacturing. The company's registered business scope includes the manufacturing of automotive parts and accessories, research and development of automotive parts, wholesale of automotive parts and accessories, and remanufacturing of automotive parts. These activities support the expansion of capabilities across multiple stages of the automotive parts value chain.
Ownership Structure of Anqing Zhongda Auto Parts Co Ltd
The newly incorporated company has a registered capital of CNY 50 million and is jointly owned by Chery Auto and its wholly owned subsidiary, Wuhu Purui Automotive Investment Co Ltd. Chery Auto holds a 90% ownership interest, while Wuhu Purui Automotive Investment Co Ltd owns the remaining 10%, reflecting the parent company's continued investment in strengthening its automotive parts operations.
Ownership Details
| Entity | Ownership |
|---|---|
| Chery Auto | 90% |
| Wuhu Purui Automotive Investment Co Ltd | 10% |
The establishment of Anqing Zhongda Auto Parts Co., Ltd. marks the creation of a new automotive parts business entity with activities covering production, research and development, wholesale, and remanufacturing. With its registered capital of CNY 50 million and backing from Chery Auto, the company is positioned to support automotive parts operations through an integrated business portfolio.
Frequently Asked Questions
What is Anqing Zhongda Auto Parts Co Ltd and who owns it?
Anqing Zhongda Auto Parts Co Ltd is a newly established automotive parts company incorporated in Anhui Province on July 2 with a registered capital of CNY 50 million. It is jointly owned by Chery Auto, which holds a 90% stake, and its wholly owned subsidiary, Wuhu Purui Automotive Investment Co Ltd, which owns the remaining 10%. The company will engage in automotive parts manufacturing, research and development, wholesale, and remanufacturing activities.
What businesses will Anqing Zhongda Auto Parts Co Ltd operate?
The company has been established to conduct several automotive parts-related activities. Its approved business scope includes manufacturing automotive parts and accessories, carrying out research and development of automotive components, wholesaling automotive parts and accessories, and remanufacturing automotive parts. Together, these operations allow the company to participate across multiple stages of the automotive components value chain while supporting Chery Auto's broader business activities.
Click above to visit the official source.
Discussion
Join the conversation.