BYD sets up three subsidiaries

Shanghai (Gasgoo)- BYD established three subsidiaries on December 24 and 25, each of which has a registered capital of 100 million yuan ($14.3 million), according to Qichacha, an information inquiry platform about China-based companies.

They, whose names have the same part, Fudi (弗迪) in Chinese, are mould company, technology company and power company, while their respective legal representatives are Lian Yubo, BYD’s senior vice president and Denza’s director, Luo Zhongliang, general manager of the Chinese automaker’ electronic business unit, and Luo Hongbin.         

The mould enterprise mainly engages in sales, design, development, maintenance and technology consulting of stamping dies, plastic moulds and mechanical components. The tech company’s business involves in automobile electronics, automobile chassis and parts, mechanical and electrical equipment, railway traffic equipment and rail electronics and the like. The power business’s scope ranges from technology R&D of automotive power system, electric motor to intelligent steering and braking systems and electric vehicle’s charging infrastructures.

Wang Chuanfu, founder of BYD, said publicly that the Shenzhen-based company will become a standard provider of hardware platform for intelligent vehicles. He also indicated that the company will be significantly restructured to break through the boundaries among different business units. In the future, each business division of BYD will operate independently or even go public separately, he said.