Top Group (601689. SH) intends to establish a new wholly-owned subsidiary in Hangzhou Bay New Area, Ningbo City

Zhitong Financial APP News, Tuopu Group (601689.SH) announced that the company intends to set up a new wholly-owned subsidiary in Ningbo Hangzhou Bay New Area Tuopu Skateboard Chassis (Ningbo) Co., Ltd. (tentative name), with a registered capital of RMB 2 billion.

It is reported that the business scope of Tuopu Skateboard Chassis (Ningbo) Co., Ltd. is: auto parts research and development; Manufacture of auto parts and accessories; Auto parts wholesale and retail; Technical services, development, consultation, exchange, transfer, promotion; Import and export of goods; Technology import and export.

The announcement said that the use of skateboard chassis can quickly create differentiated models, thereby reducing the development costs of car companies and shortening the development cycle. The company has a wealth of product lines and chassis tuning capabilities such as suspension systems, brake-by-wire, steer-by-wire, etc., as well as cooperation experience with RIVIAN in skateboard chassis, and has the necessary elements to integrate skateboard chassis and steer-by-wire chassis. The company set up a new factory in Hangzhou Bay New Area, integrating the above modules on the same platform, and in the future, it can provide customers with the best performance, quality and cost of skateboard chassis products for peripheral and overseas customers.