BYD Formula Leopard establishes a sales company in Xuzhou with a registered capital of 1 million yuan

BYD Formula Leopard sets up sales company in Xuzhou with 1 million yuan capital

【Phoneauto News】Recently, Phoneauto noticed that according to Tianyancha App, BYD (Build Your Dreams) Formula Leopard has established a car sales company in Xuzhou, named Xuzhou Formula Leopard Automobile Sales Co., Ltd. The establishment of this company not only signifies further expansion of the BYD brand in the Huaihai Economic Zone, but also strengthens BYD’s market influence in Jiangsu Province.

According to the information, Xuzhou Formula Leopard Automobile Sales Co., Ltd. was officially established on September 21, 2023, with Fu Zhenxing as its legal representative. The registered capital of the company is 1 million RMB, highlighting BYD’s attention and investment in the Xuzhou market. The newly established Xuzhou Formula Leopard Automobile Sales Co., Ltd. will not only be responsible for the sales of BYD brand cars, but also provide comprehensive services to customers in areas such as used car brokering, sales of new energy vehicles, sales of plug-in hybrid specialized engines, and retail of auto parts.

According to the equity panorama penetration information, Xuzhou Formula Leopard Automobile Sales Co., Ltd. is wholly owned by Shenzhen Formula Leopard Automobile Sales Co., Ltd., which is a wholly owned subsidiary of BYD Auto Industry Co., Ltd. This means that BYD Auto Industry Co., Ltd. has established a car sales company in Xuzhou through Shenzhen Formula Leopard Automobile Sales Co., Ltd., in order to better promote and sell BYD brand cars in the local market.

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As a well-known Chinese electric vehicle manufacturer, BYD has been promoting the popularization and application of electric vehicles. The establishment of a car sales company in Xuzhou will help BYD further expand its influence in the Huaihai Economic Zone and strengthen its market layout in Jiangsu Province. This is not only beneficial for the promotion and development of the BYD brand, but also provides more choices and convenience for local consumers.

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