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Midea Group's Automotive Parts Company Increases Registered Capital to 1.2 Billion Yuan, with a Growth Rate of 500%
People’s Financial News, March 20 — According to Qichacha, Guangdong Weiling Auto Parts Co., Ltd. recently underwent a business registration change, with registered capital increasing from 200 million yuan to 1.2 billion yuan, a 500% increase. Qichacha shows that Guangdong Weiling Auto Parts Co., Ltd. was established in October 2018, with Qiu Xiangwei as the legal representative. Its business scope includes research and development, design, manufacturing, sales, technical services, and after-sales services for automotive and motorcycle (motor vehicle) parts, systems, and related products. The company is 95% owned by Midea Group.