Dadadi Electric Invests 40 Million Yuan to Establish Automotive Electronics Subsidiary

GateNews
According to Dadadi Electric's announcement on May 25, the company plans to establish a controlling subsidiary, Anhui Dadadi Tengda Automotive Electronics Co., Ltd., in Maanshan, Anhui Province, together with Anhui Tengda Chuangfu Intelligent Technology Co., Ltd. The subsidiary will have registered capital of 50 million yuan, with Dadadi Electric contributing 40 million yuan (80% stake) and Tengda Chuangfu contributing 10 million yuan (20% stake).
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