Gasgoo Munich-Longhorn Auto Electric has updated its business registration, boosting its registered capital and bolstering its financial strength, according to a recent filing on the Tianyancha App.
Records show the company’s registered capital climbed to 101 million yuan from 92 million yuan — an increase of roughly 10%. The move signals shareholder confidence in the company’s future, providing a stronger financial cushion for daily operations, project investment, and business expansion.
Image Source: Longhorn Auto Electric
Founded in January 2010, the company lists Luo Xiaoping as its legal representative. Longhorn Auto Electric focuses on developing and selling automotive electronics, along with supporting software and systems. It also manufactures smart in-vehicle devices, positioning itself as a key supplier in a sector that aligns with the broader shift toward intelligent vehicles.
The company’s ownership is diversified rather than controlled by a single entity. Shareholders include Shenzhen Longhorn Technology Group Co., Ltd., alongside individuals such as Luo Xiaoping and Chen Jinfa — a structure that supports decision-making and resource integration. As the industry pivots toward intelligence, demand for components related to vehicle perception, control, and smart cockpits is surging. Many parts suppliers are now raising capital and expanding production to capture this growth.
This modest capital increase is a routine move, with no specific investment plans disclosed. However, industry trends suggest the funds will likely support R&D, production line upgrades, raw material stockpiling, and market expansion. The extra capital also helps the company manage payment cycles across the supply chain and secure more orders from automakers.
