Last year, China's new energy vehicle sales increased by 1.6 times Dezhong Automobile set up 6 sun companies in 4 months to seize market opportunities

According to the Ministry of Industry and Information Technology, in 2021, the sales of new energy vehicles in mainland China continued to grow rapidly, reaching 3.521 million units, an increase of 1.6 times year-on-year, ranking first in the world for seven consecutive years.

Dezhong Automobile (838030), a vehicle seller listed on the Beijing Stock Exchange, seized the market opportunity and set up six new Sun companies in four months to sell new energy vehicles under the brands of Great Wall-Euler, Xiaopeng Automobile, and Huawei AITO.

According to reports, from September to December 2021, Dezhong Automobile Company set up a total of 6 Sun companies to operate new energy vehicle brands: Great Wall - Euler, Xiaopeng Automobile, Huawei AITO, BAIC Jihu, and Hezhong Automobile - Nezha.

According to the announcement of Dezhong Automobile on September 17, Hunan Deyuan New Energy Automobile Group Co., Ltd., a wholly-owned subsidiary, set up a wholly-owned subsidiary, Guiyang Zhongyuan Automobile Sales and Service Co., Ltd., with a registered capital of RMB 10 million, registered address: Guiyang City, Guizhou Province, operating a new energy vehicle brand: Che Great Wall - Euler.

On November 10, Dezhong Automobile issued an announcement that Its wholly-owned subsidiary, Hunan Deyuan New Energy Automobile Group Co., Ltd., established a wholly-owned subsidiary, Zunyi Zhongmao Automobile Sales service Co., Ltd., with a registered capital of 10 million yuan, registered address: Zunyi City, Guizhou Province, operating a new energy vehicle brand: Che Great Wall - Euler.

According to the announcement on November 12, Hunan Deyuan New Energy Automobile Group Co., Ltd., a wholly-owned subsidiary, set up a wholly-owned subsidiary, Yueyang Zhonghao Automobile Sales Service Co., Ltd., registered address: Yueyang City, Hunan Province, with a registered capital of 5 million yuan, operating a new energy vehicle brand: Xiaopeng Automobile.

According to the company's announcement on November 22, Hunan Deyuan New Energy Automobile Group Co., Ltd., a wholly-owned subsidiary, established a wholly-owned subsidiary, Yueyang Zhongyue Automobile Sales Service Co., Ltd., with a registered address of Yueyang City, Hunan Province. With a registered capital of 5 million yuan, it operates a new energy vehicle brand: Huawei AITO-Xilisi.

According to the company's announcement on December 24, Hunan Deyuan New Energy Automobile Group Co., Ltd. set up a wholly-owned subsidiary, Huaihua Zhongrui Automobile Sales Service Co., Ltd., with a registered address of Huaihua City, Hunan, with a registered capital of 10 million yuan, accounting for 100% of the registered capital. New energy vehicle brand: United Automobile - Nezha.

According to the company's announcement on December 24, Hunan Deyuan New Energy Automobile Group Co., Ltd. set up a wholly-owned subsidiary, Guiyang Zhongshan Automobile Sales Service Co., Ltd., with a registered address of Guiyang City, Guizhou Province, with a registered capital of 10 million yuan, accounting for 100% of the registered capital. Operating new energy vehicle brand: BAIC-Jihu.

Dezhong Automobile said that the investment in new energy vehicle projects is a prudent decision made by the company in a market-oriented manner, which is in line with the company's development strategy and is conducive to improving the company's overall market competitiveness.

The main business of Dezhong Automobile is automobile sales, after-sales maintenance, second-hand car trading, automobile testing, scrap car recycling, dismantling resource recycling and many services in the automotive aftermarket. In the first three quarters of 2021, the operating income was 2.034 billion yuan, an increase of 48% year-on-year; the profit attributable to the mother was 38.31 million yuan, an increase of 6% year-on-year.

This article originated from the digging shell network