The Beijing Automotive Group subsidiary has established a new company in Quanzhou with battery sales business.

According to the Enterprise Check App, recently, Quanzhou Penglong Zhiyuan Automobile Sales Service Co., Ltd. was established with a registered capital of 34 million yuan, and its business scope includes the sales of new energy vehicles, automotive parts retail, battery sales, electronic products sales, etc. The equity penetration displayed by Enterprise Check shows that the company is wholly owned by Beijing Penglongxing Automobile Trade Co., Ltd., a subsidiary of Beijing Automotive Group Co., Ltd.