Zhitong Financial APP News, Weidi Shares (603023.SH) announced that in the context of the national development of intelligent networked vehicles to improve the safety of public transportation, in order to promote the implementation of the Weidi cloud bus vehicle networking project, quickly integrate into the Yangtze River Delta region, and efficiently integrate into the national market, the company intends to set up a wholly-owned subsidiary, Weidi Lishui Technology Co., Ltd. (tentative name, "Weidi Lishui"), Weidi Lishui registered capital of 10 million yuan, the company holds 100% of the shares.