Huayu automobile system co., ltd (hereinafter referred to as? Huayu automobile? Formerly known as Shanghai Automobile Industry (Group) Corporation (hereinafter referred to as? SAIC？ ) Independent supply of auto parts business. In order to cultivate a neutral spare parts supply chain system with core competitiveness, SAIC took the opportunity of bus shares reorganization to inject the independent supply of spare parts into bus shares.
Business scope: design, research and development, manufacture and sales of vehicles, motorcycles, tractors and other construction machinery parts and assemblies; Design, research and development, manufacture and sales of tractors and other agricultural machinery; Technology transfer, technical consultation and services; Industrial investment; Domestic trade (except special provisions); And the import and export of goods and technologies (subject to industrial and commercial registration).
A subsidiary refers to a company whose shares are controlled by another company or actually controlled and dominated by another company according to an agreement. A subsidiary owns all its own property, has its own company name, articles of association and board of directors, conducts business activities and various civil activities in its own name, and independently bears all consequences and responsibilities brought about by the company's actions. However, major decisions or major personnel arrangements involving the interests of the company still have to be decided by the parent company.
(Photo/Text/Photo: Pacific Auto Network Lu Liting)