Tao Hailong took over as the chairman of Shanghai SAIC Volkswagen Automotive Sales Co., Ltd.

Tianyancha App shows that on June 17th, Shanghai SAIC Volkswagen Sales Co., Ltd. underwent a change in its business registration. Wang Xiaoqiu stepped down as the legal representative and chairman, and was replaced by Tao Hailong. The company was established in July 2000 with a registered capital of 29.98 million US dollars. Its business scope includes automobile sales, retail of automobile parts, brokerage of used cars, and operation of small and micro passenger car rental services. The company is jointly held by SAIC Group, Volkswagen Investment Co., Ltd., and SAIC Volkswagen Automotive Co., Ltd.