Fangzheng Electric Motor and others have established a power technology company including automotive parts business.

According to the Qichacha app, recently, Huzhou Fangyu Power Technology Co., Ltd. was established, with the legal representative being Niu Mingkui. Its business scope includes manufacturing of automotive parts and accessories, wholesale of automotive accessories, retail of automotive accessories, manufacturing of power electronic components, etc. The equity penetration displayed by Qichacha shows that the company is jointly held by Fangzheng Electric Motor and others.