Ningbo Huaxiang and others establish a car suspension company.

According to the Kechacha APP, recently, Huaxiang Anzhi Automotive Suspension Co., Ltd. was established, with Mao Xiaoqun as the legal representative and a registered capital of 20 million yuan. Its business scope includes: research and development of automotive parts; manufacturing of automotive parts and accessories; wholesale of automotive parts; processing of mechanical parts and components. Equity penetration data from Kechacha shows that the company is jointly held by Ningbo Huaxiang's wholly-owned subsidiary Ningbo Huaxiang Xinsan Electric Technology Co., Ltd. and Zhejiang Anzhi Automotive Technology Co., Ltd.