Jiangsu Xinquan Automotive to Form German Subsidiaries

MT Newswires Live

Jan 06, 2025

Jiangsu Xinquan Automotive Trim (SHA:603179) plans to invest 36 million euros to establish Xinquan (Europe) in Munich, Germany, through its Singapore-based subsidiary, Xinquan International Development Singapore.

In turn, Xinquan (Europe) will invest 30 million yuan in establishing Xinquan (Bayern) Automotive Parts in Bavaria, according to a Jan. 3 filing with the Shanghai bourse.

The investment aligns with the automotive parts manufacturer's strategic expansion to serve overseas markets, boost competitiveness and meet international customer demand.

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