Auto News

Wanda Group of trillions of Chinese companies establishes automobile venture in Zhuhai

Beijing (Gas Goo)- According to the corporate database Tianyancha, the well-known Chinese company Dalian Wanda Group has set up an automobile venture in Zhuhai with a registered capital of RMB 100 million.

Wanda Building; Photo Provider: Wanda Group

Wanda Automobile Technology Service Co., Ltd., a new venture, is authorized to engage in businesses such as new car sales, automobile parts wholesale, and vehicle charging sales.

In fact, Wanda has been in the automotive industry long before it founded this new venture.

Recently, Chinese consumer electronics tycoon Gree won a bid for battery maker Inlong New Energy for RMB 1.8 trillion ($) and renamed the latter to Gree Titanium New Energy. Dalian Wanda Group holds 3.73% of the company’s stock.

In addition, the new car venture Wanda Automobile is registered in Zhuhai, home of GREE.

HongqiFAW Group wanda auto, hongqi wanda, faw wanda, china Automotive news

Photo provider: Gree

Early on August 20, Dalian Wanda Group formed a partnership with FAW Group, a major Chinese automaker. Taiyue Group, one of FAW’s major distributors of the Hongqi brand, also attended the ceremony.

HongqiFAW Group wanda auto, hongqi wanda, faw wanda, china Automotive news

H9; Photo provider: Hongqi

On October 11, FAW Group and Wanda first announced that they would jointly build an “experience ecosystem for Hongqi users.”

In particular, the other shareholder of Wanda Automobile is a recently established company, 80% of which is owned by the Chairman of the Tai Yue Group.

https://autonews.gasgoo.com/china_news/70019203.html Wanda Group of trillions of Chinese companies establishes automobile venture in Zhuhai

Back to top button