In a strategic move to strengthen its position in the light commercial vehicle market, FAW has announced the integration of two key subsidiaries: FAW Hongta and FAW Harbin Light Depot. The newly formed entity, FAW Light Vehicle Co., Ltd., was officially unveiled in Qingdao. Following the merger, both FAW Hongta and FAW Harbin will continue as production bases, while the company’s headquarters and decision-making center will be relocated to Qingdao.
As part of the restructuring, FAW has injected an additional 295 million yuan into a wholly-owned subsidiary. After the capital increase, FAW Group will hold 34.97% equity in FAW Hongta and the net assets of the Harbin Light Depot following necessary reductions. New assets will be transferred into the company through asset reorganization. Once the capital increase is finalized, the company's registered capital will reach approximately 650 million yuan.
FAW has shown strong commitment to this initiative. Yan Fufeng, the general manager of FAW who was recently appointed as vice governor of Jilin Province, personally traveled to Qingdao to officially launch the new company, underscoring the significance of this step in FAW’s broader strategy. This move is expected to enhance operational efficiency, streamline management, and better position the company to compete in the evolving automotive industry.
Titanium Dioxide R221
Titanium Dioxide R221,Tio2 Titanium Dioxide Rutile,R221 Titanium Dioxide Tio2,Rutile Vs Anatase Tio2
Wuxi Qijun New Material Co., LTD , https://www.tio2supplier.com