Ideal Car, a subsidiary of the Jiangsu Chehejia Company, reduced its capital to 600 million yuan, a decrease of approximately 33%.

The Tianyancha App shows that recently, Jiangsu Hehe Automobile Co., Ltd. has undergone a business change, with its registered capital decreasing from 900 million RMB to 600 million RMB, a decrease of about 33%. The company was established in June 2016, with Ma Donghui as the legal representative. Its business scope includes the manufacturing and sales of new energy vehicles, special vehicles, trailers, and automobile bodies, as well as the research and development, manufacturing, sales, and provision of after-sales services for components of automobiles, motorcycles, electric vehicles, and site vehicles. Shareholder information shows that the company is fully owned by Jiangsu Xindian Interactive Automobile Sales Service Co., Ltd., a subsidiary of Ideal Automobile.