Matsubara Safety establishes a new car safety system company.

The Qichacha app shows that recently, Songyuan Automotive Safety System Co., Ltd. was established with a registered capital of 10 million yuan. Its scope of business includes: R&D of automotive parts; manufacturing of automotive parts and accessories; wholesale of automotive accessories, etc. According to Qichacha's equity penetration, the company is fully owned by Songyuan Security.