Guangdong Hongtu establishes a automotive components company in Zhengzhou.

Recently, according to the Qichacha APP, Zhengzhou Siwei'er Automotive Parts Co., Ltd. was established with Pang Jiangming as the legal representative and a registered capital of 37 million RMB. Its business scope includes the manufacturing of automotive parts and accessories, research and development of automotive parts, wholesale of automotive accessories, and retail of automotive accessories. Equity penetration by Qichacha shows that the company is indirectly fully owned by Guangdong Hongtu.